PZ Cussons Not Leaving Nigeria


Monday, February 04, 2019 03:20PM / NSE


It has come to our notice that a headline is circulating in the social media space “Nigeria PZ Cussons To Withdraw Amid Tough Conditions”. This headline is misleading and creates the impression that PZ has decided to leave Nigeria.

The trading statement issued to the London Stock exchange was clear on our continued operations in Nigeria “Whilst these conditions prevail, we will maintain our strong market shares in key product categories in Nigeria until growth returns to the market.” This year 2019, we shall be celebrating 120 years of making life better and adding value to Nigeria. In our 120 years of doing business in Nigeria, we have faced different conditions and come out stronger at the end of each phase.

We confirm to our shareholders, consumers, customers, employees, business partners and stakeholders that Nigeria still remains a market of interest for us and have made no plans to Ieave Nigeria. Our factories in Ikorodu, Aba and all our distribution centres around the country are operational and will continue to be.

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1.         PZ Declares N1.34bn PAT in Q3 2018 Results,(SP:N23.45k)

2.        PZ Cussons Nigeria Plc Appoints Mr Georgios Sotiropoulos as Executive Director

3.        PZ Cussons Nigeria Plc Appoints Mr Pedro Barreto as Chief Finance Officer

4.        PZ Cussons Nigeria Plc Q1’18 - FY’18 Begins With a Loss as FX Overhang Persists

5.        PZ Cussons Q1 2018 Results Showed a Loss after Tax on Input and Operating Cost Pressure

6.        PZ Cussons Nig. Plc. - Loss in Q1-18; But Profit to Return in Subsequent Quarters

7.        PZ Cussons Nigeria Q1’18 Results - Pre & Post-tax Losses of N181m and N61m Respectively Driven by FX

8.       PZ declares N123.08 mln Loss in Q1 2018 Result,(SP:N26.00k)

9.        PZ Cussons Nigeria - Decent Results despite Substantial Fx Loss

10.    Corporate Earnings for the Week Ending 080917 – PZ Declares N3.69bn PAT in Q4'17 Results


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