PZ Cussons Nigeria Plc, the maker of a wide range of consumer goods, said that half-year profit for period ending 30th November 2018 grew by 107% to N1.22bn from N589.5m, helped by cost management initiatives and improvement in net finance costs.

The company saw a 48% drop in administrative expense to N1.98bn from N3.8bn in the previous year. Net finance cost declined by 119% to N95m from N501m in the previous year, boosted by improvement in foreign exchange loss by 80%.