Wednesday, April 16, 2014

PZ Cussons (PZC:GSE) recorded an increase in sales, Find out.

PZ Cussons recorded an increase in sales of 11.5% for 9 months ended February 2014. However operating profit and profit after tax reduced by 97% and 93% respectively due to increasing cost of sales and distribution costs attributed to rising utility and fuel prices. Additionally, the company's exposure to the depreciating cedi affected the cost of production while inflation in the economy has reduced consumer demand and confidence. PZ Cussons finds itself cash-strapped with operating cash reducing by 473.4% while Earnings per share reduced from 0.018 to 0.001, a drop of 93.1%.

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