Nigeria economy takes its toll on PZ Cussons profits
Economic conditions in Nigeria took their toll on Manchester-based consumer products group PZ Cussons, the maker of soaps including Imperial Leather and Carex.
Announcing its final results for the year to May 31, it revealed revenues fell from £809.2m to £762.6m, while pre-tax profits dipped from £86.5m to £66.6m.
The group said its brand shares were maintained or growing in most of the group's major markets and categories, while a group-wide initiative is under way to strengthen brand portfolios and reduce its cost base.
... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
