18th Apr 2019 08:16
LONDON (Alliance News) - PZ Cussons PLC on Thursday said its annual profit expectations remain in line with its January guidance.
At the end of January, alongside its annual results, the consumer goods firm said it expects to post an adjusted annual pretax profit of "towards GBP70 million" for its financial year to May 31, a decline of around 13% from GBP80.1 million recorded in 2018 financial.
This decline is due to challenging conditions in Nigeria and includes a GBP5.5 hit from port disruption.
The company, which makes Imperial Leather soap and Original Source shower gel, said it will release another trading update on June 13 before publishing its annual results on July 23, which will "include detail on the group's previously indicated strategic initiatives".
Shares in the company were trading 0.1% higher at 193 pence each on Thursday morning.
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