(Reuters) - Soaps and cosmetics maker PZ Cussons Plc's (L:PZC) full-year pretax profit dropped 23 percent, well below its estimates, as sales fell in Nigeria, its largest market.
The company's pretax profit fell to £66.6 million for the 12 months to May 31, from £86.5 million a year earlier, it said on Tuesday.
The Imperial Lather brand owner said in June that its full-year pretax profit would be at the lower end of its 80 million pound to 85 million pound range.
Full-year revenue dipped 5.8 percent to £762.6 million.