|Bid||2.3550 x 0|
|Ask||2.4650 x 0|
|Day's Range||2.3700 - 2.3700|
|52 Week Range||2.0050 - 2.6920|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||15.70|
|Forward Dividend & Yield||0.09 (3.89%)|
|1y Target Est||N/A|
The maker of Imperial Leather soap and Carex handwash said adjusted pretax profit for the year ending May was now expected to be around 70 million pounds, down from 80.1 million pounds a year earlier. Analysts on average were expecting a profit of 80.37 million, according to a Refinitiv Eikon consensus based on three brokerages. PZ Cussons also said adjusted first-half pretax profit fell 1.5 percent to 32.8 million pounds.
Cosmetics and soap maker PZ Cussons Plc said on Tuesday it expected a sharp decline in pretax profit for the year ending May, hurt by sluggish demand and challenging conditions in its important Nigerian market. The company said full-year adjusted pretax profit is now expected to be 70 million pounds ($92.1 million), down from 80.1 million pounds a year earlier. PZ Cussons also said adjusted pretax profit for the half year declined 1.5 percent to 32.8 million.
The owner of the Imperial Leather brand faced major disruptions in getting goods into Nigeria, and first-half contribution to profits from the west African country, its single largest market, would be lower than a year earlier. PZ Cussons, which gets about 36 percent of its revenue from Africa, said product launches and distribution expansion was helping it to grow its business in Europe and Asia. Important brands including Imperial Leather, Carex and Original Source saw strong growth in Europe, helped by product launches and new marketing campaigns.