Edition:
India

PZ Cussons Sees Lower Full-Year Profit


Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - PZ Cussons PLC ::PZ CUSSONS PLC - ADJUSTED PROFIT BEFORE TAX FOR FULL YEAR NOW EXPECTED TO BE TOWARDS £70 MILLION DRIVEN BY CONDITIONS IN NIGERIA.PZ CUSSONS PLC - HY ADJUSTED PROFIT BEFORE TAX £32.8M VERSUS £33.3M.PZ CUSSONS PLC - HY PROFIT BEFORE TAX £26.7M VERSUS £33.5M.PZ CUSSONS PLC - INTERIM DIVIDEND MAINTAINED AT 2.67P PER SHARE.PZ CUSSONS PLC - ADJUSTED PROFIT BEFORE TAX FOR FULL YEAR NOW EXPECTED TO BE TOWARDS £70 MILLION DRIVEN BY CONDITIONS IN NIGERIA.PZ CUSSONS PLC - HY ADJUSTED REVENUE REVENUE £335.1M VERSUS £373.9M.PZ CUSSONS - FULL YEAR ADJUSTED PROFIT BEFORE TAX FORECAST INCLUDES ESTIMATED £5.5 MILLION IMPACT AS A RESULT OF SIGNIFICANT PORT DISRUPTION.PZ CUSSONS - WEAK CONSUMER ENVIRONMENT, HIGHER SUPPLY CHAIN COSTS AND LOWER EXCHANGE RATE CONTRIBUTING TO LOWER PRICES, VOLUMES & MARGINS IN NIGERIA.PZ CUSSONS PLC HY STATUTORY REVENUE £335.1M VERSUS £373.9M.PZ CUSSONS PLC - SPECIFIC STRATEGIC INITIATIVES APPROVED TO STREAMLINE GROUP'S PORTFOLIO OF ACTIVITIES.PZ CUSSONS PLC - GOOD OVERALL PERFORMANCE FOR EUROPE DESPITE MACRO UNCERTAINTY IN UK.PZ CUSSONS PLC - EXPECT GROUP ADJUSTED PROFIT BEFORE TAX FOR YEAR TO BE TOWARDS £70 MILLION.PZ CUSSONS - MACROECONOMIC CONDITIONS IN NIGERIA REMAIN "EXTREMELY CHALLENGING", CONTINUE TO HAVE SIGNIFICANT NEGATIVE IMPACT ON GROUP PERFORMANCE.PZ CUSSONS PLC - ANTICIPATE THAT CONSUMER DEMAND IN ALL OUR KEY MARKETS WILL REMAIN SUBDUED. 

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16 Sep 2019