L
LequteMan
Guest
PZ Cussons Nigeria is in murky waters and may soon start to hike the price of its commodities in Nigeria.
The first quarter results of PZ Nigeria for the period ending August 31, 2016 showed an interim pre-tax loss of about N2.4 billion compared to a pre-tax profit of N547 million in the same quarter last year.
In addition to this, PZ took a massive N4.7 billion exchange loss hit following the floating of the Naira. Although it didn't provide specific notes relating to the loss, it appears the loss may have arisen from the added cost of procuring raw materials.
If this is true, then there's no way PZ will come out of its current dilemma without raising prices in future. Higher cost of sales due to implied forex cost is can only be sustained by a commensurate increase in selling prices.
PZ Nigeria brands include Imperial Leather, Carex, Cussons Baby, Premier, Robb, Venus, Joy, Zip, Morning Fresh, Haier Thermocool, TEC, Yo!, Nunu, Coast, Mamador, Devon King's and Olympic.
The first quarter results of PZ Nigeria for the period ending August 31, 2016 showed an interim pre-tax loss of about N2.4 billion compared to a pre-tax profit of N547 million in the same quarter last year.
In addition to this, PZ took a massive N4.7 billion exchange loss hit following the floating of the Naira. Although it didn't provide specific notes relating to the loss, it appears the loss may have arisen from the added cost of procuring raw materials.
If this is true, then there's no way PZ will come out of its current dilemma without raising prices in future. Higher cost of sales due to implied forex cost is can only be sustained by a commensurate increase in selling prices.
PZ Nigeria brands include Imperial Leather, Carex, Cussons Baby, Premier, Robb, Venus, Joy, Zip, Morning Fresh, Haier Thermocool, TEC, Yo!, Nunu, Coast, Mamador, Devon King's and Olympic.
