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PZ Cussons full-year pretax profit falls 23 percent, missing its forecast

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PZ Cussons full-year pretax profit falls 23 percent, missing its forecast

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(Reuters) - Soaps and cosmetics maker PZ Cussons Plc's <PZC.L> full-year pretax profit dropped 23 percent, well below its estimates, as sales fell in Nigeria, its largest market.

The company's pretax profit fell to £66.6 million for the 12 months to May 31, from £86.5 million a year earlier, it said on Tuesday.

The Imperial Lather brand owner said in June that its full-year pretax profit would be at the lower end of its 80 million pound to 85 million pound range.

Full-year revenue dipped 5.8 percent to £762.6 million.

(Reporting by Muvija M in Bengaluru; Editing by Amrutha Gayathri)

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