Nigeria, July 4 -- PZ Cussons Nigeria attributed its robust profit growth for the year ended 31 May 2026 to proceeds from asset disposal rather than to its regular sources of income that had shaped its financial performance in the past, according to its latest earnings report.

Net profit for the consumer goods company advanced nearly fourfold to N49.1 billion, thanks to profit on the disposal of fixed assets, which delivered N38.7 billion, compared with N6.5 million a year earlier.

The maker of home and personal care products, which also distributes consumer electronics, highlighted the sale of three properties and the facilities previously used by PZ Wilmar Limited, a former joint venture partner, as key drivers.

Last June, PZ Cussons...