PZ Cussons says well positioned to deliver improved value to shareholders

PZ Cussons Nigeria Plc has assured its shareholders and other stakeholders that it will further deliver better value in the years ahead. This is even as the company restates its confidence in the Nigerian economy after 120 years in operations.

Christos Giannopoulos, Chief Executive Officer, PZ Cussons Nigeria Plc said that having been in Nigeria for 120 years and 48 years as a quoted company on the Nigerian Stock Exchange (NSE), the company is very well positioned to deliver better value in the years ahead.

He spoke last week at the Closing Gong ceremony on the floor of the NSE in Lagos to mark the company’s 120th anniversary. Giannopoulos said the company is still very proud to operate in Nigeria.

“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 in 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,” he said.

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

He explained that the company would continue to invest in order to expand capacity and upgrade to make sure it has the latest and best its equipment manufacture ultimate quality products.