StockMarketWire.com - Consumer products group PZ Cussons warned that its underlying results for the full year would be flat, amid tough trading conditions in Nigeria, the UK and Australia.

The company said it expected market conditions to remain challenging across its key geographies for the balance of the first half of the year.

'Improvement is anticipated in the second half of the year, as planned marketing activities behind our focus brands and overhead reduction programmes take effect,' it added.

'The strategic refocusing and simplification of our activities will continue.'

'We expect the full year results to be in line with prior year, adjusted for the impact of disposals, but dependent on no further worsening in our key markets, specifically the UK and Nigeria.'

In the first quarter, PZ Cussons said the Nigerian economy remained depressed, while sales were being hurt by economic uncertainty in the UK.

The Australian market was highly competitive, it added.



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