85
Fashion Jobs
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
By
Reuters API
Published
Sep 26, 2018
Download
Download the article
Print
Text size

UK's PZ Cussons says quarterly results in line despite Nigeria pressures

By
Reuters API
Published
Sep 26, 2018

PZ Cussons Plc said on Wednesday its quarterly results were in line with expectations, even as the soaps and cosmetics maker’s prices, volumes and margins in Nigeria remained under pressure.


Photo: Sanctuary


Macroeconomic conditions have plagued the Imperial Leather brand owner in Nigeria as a lack of liquidity at both consumer and trade levels was shrinking the market for its products, the company said.

However, PZ Cussons said results were in line with its expectations in the first quarter ended Aug. 31, with higher demand in Europe and Asia offseting challenging trading conditions in the African country.

PZ Cussons said new products and cost cuts helped offset challenging trading conditions in Nigeria for the quarter ended Aug. 31.

Shares of the company were up 1.3 percent at 232.4 pence in early trading.

The company has suffered from a slowdown in its largest Nigeria market, forcing it to warn in July of a challenging year ahead after Africa profits declined sharply in the year to May 31.

In a trading update, the company said consumer disposable income in Nigeria remained subdued ahead of elections in that country.

PZ Cussons, which has a more than 130-year-old history, gets about 36 percent of its revenue from Africa and also sells home appliances in partnership with Haier.

The company said it was focussing on optimising price points and sizes across the key brands in its Africa portfolio.

Its Nutricima business, which makes milk and yogurt-based beverages, had moved into a breakeven position from making losses last year, PZ Cussons said.

© Thomson Reuters 2024 All rights reserved.