PZ Cussons Nigeria to pay shareholders N9.9 billion dividend after four-year pause
9 billion to shareholders as its retained earnings swung back to positive for the first time since taking a hit in 2023.
READ ALSO: PZ Cussons’ annual profit quickens by 298% as asset disposal boosts earnings That year, PZ Cussons, like many manufacturers in Nigeria that rely on raw material imports for most of their operations, reported an FX loss of N157.
Retained earnings, from which companies pay dividends, have been in the red since 2024, only turning positive in the year under review, thanks to a 349 per cent surge in profit to N45.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
