PZ Cussons says 9-month profit up 32 percent

PZ Cussons said on Tuesday its nine-month pretax profit climbed to N5.17 billion, up 32.3 percent from 3.91 billion a year earlier, sending its shares higher.

Turnover at the local unit of British soap and shampoo maker rose to N52.59 billion during the period to March 31, against N51.54 billion for the same period a year earlier, it said in a filing with the Nigerian Stock Exchange (NSE).

Shares in the unit were up 4.5 percent to N33.45 at 1049 GMT.