British soap and shampoo maker PZ Cussons said its first-half operating profit fell 4%, hurt by tough trading conditions in Nigeria and a devaluation of the Naira currency.
Cussons said a potential further volatility in the currency and the presidential elections in its core market Nigeria could be key contributing factors for the full year.
Nigeria is the company's biggest market, though it also sells in Ghana and Kenya. Imperial Leather soaps is one of its major brands.
Africa accounted for about 42% of Cussons' revenue in the year ended May 31.
