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PZ report over 435% decline in PAT in Q1’19

•As Niger Insurance PAT jumps 160% in FY’18

It was a mixed result from two of the stock listed on the floors of the Nigerian Stock Exchange. In the unaudited financial report for the period ended, March 31, 2019, PZ Cussons revealed a decline of 435% in Profit after Tax, closing at a deficit of N1.095bn away from the 2018 quarter one deficit of N204.6m.

The Fast Moving Consumer Goods Company recorded a marginal decline in topline figures to stands at N15.808bn in Q1’2019 below N15.895bn recorded in Q1’2018.

The earnings per share dropped by 435.49% while the current period’s PE Ratio is at -25.36x and the earnings yield at -3.94% with reference stock price of N7.00 as of the day of computation.

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On its part, Niger Insurance company in its full-year results for 2018 recently released to the market indicated a total revenue of N4.4billion and Profit after tax of N593.8million which represent 48% decline and 160% growth away from N8.5 billion and N978.9 million deficit recorded in the results of the same period of 2018 respectively.

Consequently, the current earnings per share grew to N0.8 kobo from N0.13 kobo deficit reported the same period last year.

The company’s current PE Ratio settled at 2.61x and Earnings yield 38.36% at N0.20 reference stock price.