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Personal healthcare product manufacturer PZ Cussons said its full-year profit expectations remained in line with guidance despite disappointing performance in Africa amid a difficult backdrop in Nigeria.
The company also announced that Brandon Leigh, Chief Financial Officer, had resigned with immediate effect.
'The expected outturn for the year reflects a resilient performance in Europe and Asia driven by product innovation and renovation as well as distribution expansion, and with the Group's beauty division performing particularly well,' the company said.
In April, the company said it expected to see adjusted profit for the full year at around £70m, driven by weakness in Nigeria, including an estimated £5.5m impact from significant port disruption.
The company said it would issue full year results on 23 July, when it would also include further information on its strategic initiatives.
At 9:01am: (LON:PZC) PZ Cussons PLC share price was -7.5p at 194.5p