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PZ Cussons warns on consumer demand, African challenges

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(Reuters) – Soap and cosmetics maker PZ Cussons Plc <PZC.L> warned on Thursday it was facing weakened consumer demand across its main markets, with its dominant African business hampered by a weakened Nigerian economy and falls in the naira currency.

The owner of the Imperial Leather brand said it had also faced significant disruption in getting goods into Nigeria and as a result that the first-half contribution to its profit than a year ago from the country, its single biggest market, would be lower.

(Reporting by Tanishaa Nadkar in Bengaluru; editing by Patrick Graham)

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