PZ Cussons Nigeria 9-month pre-tax rises 86%

 PZ Cussons Nigeria, a unit of the UK-based soap and shampoo maker, said on Tuesday its nine-month pretax profit to February rose 85.8 percent to N3.91 billion, from N2.1 billion a year ago.

Revenue declined marginally to N51.54 billion, compared with N51.85 billion in the same period a year ago, the company said in a filing with the Nigerian Stock Exchange (NSE), according to Reuters.

PZ said the report covers the period from June 2012 to February 2013.

Nigeria accounts for 30-40 percent of PZ Cussons’ total revenue.

Its parent company had said last week it continues to face challenging trading conditions in most markets it operates in.

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