PZ Cussons confident of return to profitable growth

Imperial Leather soap maker PZ Cussons is confident of a return to profitable growth this financial year, though conditions remain difficult in its core market of Nigeria and challenging elsewhere.

Imperial Leather soap maker PZ Cussons is confident of a return to profitable growth this financial year, though conditions remain difficult in its core market of Nigeria and challenging elsewhere.

In a statement covering trading since June 1st, the group revealed that unrest in the north of Nigeria has continued to affect sales rates, while consumer disposable income remains affected by the removal of part of the fuel subsidy in January. On the bright side, margins in Nigeria have improved as a result of lower raw material costs and margin improvement projects.

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