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PZ Cussons promises shareholders better returns


PZ Cussons Nigeria Plc has said its shareholders and other stakeholders should expect better value in coming years, even as it restated its confidence in the Nigerian economy.

The Chief Executive Officer, PZ Cussons Nigeria, Mr Christos Giannopoulos, said that having operated in Nigeria for 120 years and listed on the Nigerian Stock Exchange for 48 years, the  company was well positioned to deliver better value in the years ahead.

Giannopoulos, while speaking at the closing gong ceremony at the NSE to mark the company’s 120th anniversary on Wednesday, said, “We are very proud to be here today. Contrary to reports some months back, I want to reiterate that PZ Cussons is here to stay. We are not going anywhere.

“We are confident of our shares; we have confidence in our company. We have about 76,000 shareholders; they expect returns and they are getting returns through continued dividend payment over the years of being a listed company.  The future is bright.”

According to him, the prospects are bright because Nigeria has a population of about 190 million and is the biggest economy in Africa.

He said the company would continue to invest in order to expand capacity and upgrade to ensure it has the latest and best equipment and manufacture quality products.

“We are going through what I will call challenging times right now but the fundamentals of the company are extremely good. Our market share is very good. We are competing in the market and our market share is positive and not negative,” the CEO added.

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