PZ Cussons Faces Problems In Nigeria, Does Well In All Other Markets

PZ Cussons PLC stated that for January 25 to March 26, 2012, its financial performance and business operations in all markets, except in Nigeria, have turned out as the company predicted. Socio-economic tensions in Nigeria, such as social unrest in the northern parts of the country and the government's removal of fuel subsidy, have caused declines in consumer disposable income and disruptions in operations. Meanwhile, PZ Cussons launched a 12-month supply chain reorganization project to help the company keep its global supply chain costs at competitive levels.