PZ Cussons PLC (LSE:PZC) said it still expects profit to be in line with its previous guidance despite a 23% adverse swing in the Nigerian naira since its last update two months ago.
The maker of Carex soap, Original Source shampoo and Morning Fresh dishwashing liquid provided no further news on its proposed portfolio transformation, where its St Tropez tanning brand has been put up for sale and options are being evaluated for its Nigeria business.
An update on the plans will be "provided when appropriate", it said.
Trading in the final quarter of the financial year to May 31, was in line with management expectations, the maker of St Tropez fake tan, and Original Source shampoo said.
Full-year revenue is expected to come in at roughly £528 million when it reports results in September, with profit "in the region of £55-£60 million", in line with previous guidance despite the movement of the Nigerian currency.
Gross debt was also guided to be "comfortably within" the £160-£180 million guidance range, with surplus cash in Nigeria "minimal" as a result of prioritising the continued repatriation of cash.