PZ Cussons has released a trading update in respect of the year to May 31, 2019. The UK beauty manufacturer, who has struggled due to ‘extremely challenging conditions’ in Nigeria, issued profit warnings in both December and January.
However, in its latest update, the company behind St Tropez tanning products said that the situation had not worsened since January.
“Full year profit expectations remain in line with the guidance issues at the time of the interim results in January,” reads the statement.
In January, the company forecast profit of £70 million for the financial year, down from £80.1 million a year ago.