By Adam Whittaker

PZ Cussons cut the top end of its adjusted operating profit guidance for its fiscal year, saying it expects to book higher costs from its U.K. business.

The consumer-goods company also said Wednesday that it would sell its 50% stake in Nigerian edible-oils business PZ Wilmar to its joint-venture partner Wilmar International for $70 million in cash.

For the year ended May 31, PZ Cussons expects to report an adjusted operating profit between 52 million and 55 million pounds ($69.8 million-$73.9 million). This compared with previous guidance of 52 million to 58 million pounds and reflects an extra 2 million pounds of costs in the fourth-quarter across its U.K. business, the company said.

It expects to report like-for-like revenue growth of 8% and around 505 million pounds in reported revenue.

Alongside the trading update, PZ Cussons said it expects the sale of PZ Wilmar to complete in the final quarter of the calendar year, with the proceeds being used to pay down debt, The move follows a strategic review of its business portfolio in April 2024, it said.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

June 18, 2025 02:42 ET (06:42 GMT)

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