PZ Cussons sales drop in Nigeria, set to report fall in profits

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Fake tan and soap maker PZ Cussons will this week report a fall in profits despite strong sales in Britain.
PZ Cussons biggest market, which is Nigeria, has witnessed a drop in sale according to a report by Mail Online.
The report claimed that the company suffered as a result of the general elections that held in Nigeria in March and April. PZ Cussons a popular in the west African country for its soap and powdered milks.
Kate Moss, Fashion model poses for St. Tropez
While the Nigerian market is on the downward slope, the company has benefited from booming demand in the United Kingdom for its St Tropez tanning range, as advertised by supermodel Kate Moss.
PZ Cussons, a major manufacturer of personal healthcare products and consumer goods, whose brands include Imperial Leather soap and Original Source shower gel, is expected to report a 5 per cent fall in annual revenues to £816.3m and a 12 per cent slide in profits to £108.7m.
Shares in the company have risen around 18 per cent this year, and ended last week at 358.6p in Britain. …Read More

Source:: PM Newspaper