PZ Cussons suffers in key market
PZ Cussons, the soap-to-tanning group, has posted a rise in half-year profits but took a hit from lower revenues because of the social unrest in its key market of Nigeria.
The owner of St Tropez tanning products delivered a 3.3 per cent leap in profits to £40.6m in the six months to 30 November, boosted by "robust" demand for Imperial Leather soap in the UK and a strong performance on its Cussons baby range in Asia.
The Manchester-based company said: "While trading conditions in most markets are challenging, we remain confident of a return to profitable growth for the full year, with the range of potential outcomes being largely dependent on trading in our largest market, Nigeria.
"Social unrest in the north of the country continued to affect the business as a result of disruption to trade and transport routes."
Nigeria accounts for 90 per cent of Cussons' revenues in Africa.
- 1 East 17 bandmember Brian Harvey in 'very desperate situation’
- 2 Is this bridge haunted by the ghost of nu rave?
- 3 Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
- 4 The West has it totally wrong on Lee Kuan Yew
- 5 Scientists have discovered a simple way to cook rice that dramatically cuts the calories
East 17 bandmember Brian Harvey in 'very desperate situation’
Vladimir Putin says Russia will fight for the right of Palestinians to their own state
Is this bridge haunted by the ghost of nu rave?
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
Saudi Arabia says it won't rule out building nuclear weapons
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
The West has it totally wrong on Lee Kuan Yew
Revealed: Putin's army of pro-Kremlin bloggers
iJobs Money & Business
Negotiable: Recruitment Genius: To provide a prompt, friendly and efficient se...
Negotiable: Recruitment Genius: You will be the first point of contact for all...
£18000 - £24000 per annum + benefits: Ashdown Group: HR, Payroll & Benefits Of...
£35000 - £38000 per annum + benefits : Ashdown Group: A highly successful, int...