PZ Cussons shares tumble amid profit warning
Manchester-based consumer products group PZ Cussons, the maker of soaps including Imperial Leather and Carex has issued a profit warning which has sent its shares down in value by 25%.
The company said profits for the full year to March 31 “will fall short of expectations – ending at between £80m and £85m, well below the hoped-for £93m – brought down by its performance in the UK and Nigeria.
Other markets like Australia and Indonesia are proving “robust”, the company said.
A statement said the company was carryin... 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...
