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PZ Cussons (PZC)

Share Price:
Down 205.50p
Change Today:
-2.00p
Market Cap:
860.19m

PZ Cussons reassures after Nigeria profit warnings

18 Apr 19

LONDON (ShareCast) - (Sharecast News) - PZ Cussons issued a more reassuring update on Thursday, following its profit warnings in December and January.
In a terse statement, the Imperial Leather and Carex soap maker said its expectations for full-year profit had not worsened since January's interim results, indicating some stability in its largest geographical market, Nigeria.

In January the FTSE 250 company guided to an adjusted pre-tax profit of around 70m for the year to 31 May, down from 80.1m the year before, as good performances in Europe and Asia were offset by "extremely challenging" conditions in Nigeria.

Cussons bemoaned higher costs due to disruption in the country's ports, a further 10% weakening of the Naira against the US dollar and weak Nigerian consumer disposable income ahead of February's general election.

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Market Data

Currency UK Pounds
Price 205.50p
Change Today -2.00p
52 Week High 244.00p
52 Week Low 178.60p
Volume 140,034
Shares Issued 418.58m
Market Cap 860.19m

Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Aug-19 14-Feb-19
Paid 03-Oct-19 08-Apr-19
Amount 5.61p 2.67p