logo
Plus   Neg
Share
Email

PZ Cussons Backs FY19 Profit View; CFO Brandon Leigh Resigns - Quick Facts

PZ Cussons Plc. (PZC.L), a consumer products group, reported Thursday that its fiscal 2019 profit expectations remain in line with the guidance.

In its trading update for the year ended May 31, the company said profit before tax and exceptional items is expected to be close to 70 million pounds.

The results reflected a resilient performance in Europe and Asia driven by product innovation and renovation as well as distribution expansion. The beauty division performed particularly well.

Meanwhile, performance in Africa has continued to be disappointing as a result of the macro economic situation in Nigeria and the challenging conditions at the port.

The company plans to announce full-year results on July 23.

Separately, PZ Cussons announced that Brandon Leigh, Chief Financial Officer, has resigned and has stepped down from the Board with immediate effect.

Leigh has been with PZ Cussons for over 22 years. He was appointed to the Board in 2006.

Pending the appointment of a new Chief Financial Officer, Leigh's responsibilities will be assumed by Alan Bergin, currently Commercial Finance Director.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon plans to more than double its corporate workforce in Las Vegas by creating 125 additional jobs in the city. The e-commerce giant recently opened a new 30,000 square foot office in Town Square in downtown Las Vegas and plans to expand its corporate workforce in the area to support its Human Resources division. Amazon also said it will donate $100,000 to two food bank partners. Consumer Reports has once again recommended Tesla's Model 3 and Model S sedans as reliable, after the vehicles were previous downgraded by the organization. Consumer Reports said that the two sedans regained its recommendation due to improved reliability reports from owners of the cars, based on the results of its annual Auto Reliability Survey that were announced Thursday. Sears Holdings recalled about 700 units of Kenmore Elite microwave ovens for possible electrical burn hazard, a statement by the U.S. Consumer Product Safety Commission said. The company said the incorrect wiring of the microwave oven causes its exterior to reach temperatures exceeding 183 degrees fahrenheit that could result in a burn hazard to the user.
RELATED NEWS
Follow RTT
>