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Is The Worst Behind PZ Cussons?

Nate Weisshaar
September 19, 2012

LONDON -- PZ Cussons (LSE: PZC.L  ) closed out a tough year at the end of May with profits down over 50%. Like its larger consumer-goods cousins Reckitt Benckiser and Unilever, the company was fighting a two-fronted battle with struggling consumers on one side and rising input costs on the other.

Unfortunately, PZ Cussons also had some unique problems tied to political issues in Nigeria -- the company's largest market -- and the failure to anticipate the level of competitive pressures in Australia.