The earnings of PZ Cussons, a personal healthcare products and consumer goods company, have taken a huge dent as the company reported an operating loss of £89.7 million, an FX loss of £88.2 million in its 2024 interim result for the six months ending 2nd December 2023.
In the report released on February 7, 2024, the company blamed the operating, FX losses on the devaluation of the naira since June last year.
Beyond the reported FX loss, the naira devaluation severely impacted the company’s financial performance in terms of its operating profit, revenue, dividend payment, and so on.
