Lagos - PZ Cussons Nigeria, said on Thursday its full year pretax profit rose to 7.7 billion naira, up 79 percent from 4.3 billion naira a year ago.
Shares in PZ Cussons, a separately listed arm of the British-based soap and shampoo maker PZ Cussons Plc, shed 6.42 percent to 38 naira. The stock has risen 44 percent since the start of the year.
Turnover fell to 71.3 billion naira during the twelve months to May 31, down from 72.15 billion naira last year.
The company proposed a dividend payout of 0.56 naira per share.