PZ Cussons Nigeria reports N96.4 billion losses in FY 2024, shareholders' funds wiped out
Consumer goods company, PZ Cussons Nigeria reported a net loss of N96.4 billion for the fiscal year ending May 31, 2024, according to information contained in its latest unaudited financial statements.
The losses led the company to post a negative equity of N47.2 billion at the end of the fiscal year.
PZ Cussons has been struggling with macroeconomic headwinds which has negatively affected its margins. High interest rates, exchange rate depreciation and galloping inflation are some of the challenges faced by the company
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https://nairametrics.com/2024/06/29/pz-cussons-nigeria-reports-n96-4-billion-losses-in-fy-2024-shareholders-funds-wiped-out/