PZ Cussons Plc, a consumer products group, said issues following trading update ended 31 May 2015 and performance of group for the year has been in line with expectations
The company said its financial position of group remains strong with cash generation also in line with expectations
In the UK washing and bathing division, all brands performed well, driven by a significant renovation and innovation program.
The group’s business in Australia benefited from further diversification, following the acquisition of the market leading five:am brand in August 2014.
In the Group’s largest market Nigeria, the naira is currently stable, but there remains a risk of further currency devaluation.
The market is currently adjusting relative pricing and consumer spending power is likely to be impacted in the short term by the imported inflation, the firm noted.
