StockMarketWire.com - Consumer goods group PZ Cussons said it expected its overall results for the quarter through August to be in line with expectations, as a poor performance in Nigeria was offset by a better showing in Europe and Asia.

Overall result improvements were driven by product pipeline and tight cost control, the company said.

The UK washing and bathing division was experiencing 'good' growth across key brands such as Imperial Leather and Carex, driven by an acceleration of product launches and increased brand investment.

In the beauty division, growth across the portfolio of Sanctuary, St Tropez, Charles Worthington and Fudge was being driven by new product launches and an expansion into new on and offline channels.

Performances in Australia and Indonesia was also solid, the company said.

In Nigeria, however, consumer disposable income remained subdued ahead of general elections scheduled for February 2019.

'With prices, volumes and margins continuing to remain under pressure, the business is focussing on optimising price points and sizes across the key brands in the portfolio, whilst the Nutricima business, which was loss making last year, has now moved into a breakeven position,' PJ Cussons said.

'In conclusion, Europe and Asia continue to perform well, whilst improvement in Africa will largely be dependent on the macro environment in Nigeria during the remainder of the year,' the company said.

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