PZ Cussons reports 17.8% revenue decline, 7.8% profit drop due to Nigeria's currency devaluation.

PZ Cussons, a British consumer goods company, reported a significant decline in share price due to Nigeria's currency devaluation. The company's revenue and profits fell by 17.8% and 7.8% respectively in the first half of its financial year, with the depreciation of the Nigerian Naira causing challenges for the business. The currency's devaluation has led to increased costs and lower earnings for the company, causing them to reevaluate their financial projections.

February 07, 2024
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