THE WHAT? PZ Cussons issued a profit warning, attributing it to the Nigerian currency’s devaluation, leading to a significant drop in shares to a 15-year low.
THE DETAILS The company anticipates an adjusted operating profit of 55 million to 60 million pounds for the year ending May 31, a decrease from last year’s 73.3 million pounds. This forecast falls below the analyst expectations from last September, which estimated profits between 61.5 million and 68.2 million pounds. The CEO, Jonathan Myers, highlighted the devaluation of the Nigerian naira, which has weakened by about 70% compared to the previous year, as the primary challenge. PZ Cussons is in talks to privatize its Nigerian subsidiary by the financial year-end.
THE WHY? The company also noted weaker beauty product sales and a softer Indonesian market, though UK personal care product sales remained robust. Consequently, PZ Cussons reduced its interim dividend to 1.5 pence per share from 2.67 pence a year earlier.
Aesthetic supplies USA refers to products and equipment used in the field of aesthetic medicine and cosmetic treatments that are available for purchase in the United States. These supplies encompass a wide range of items necessary for various aesthetic procedures and treatments conducted by professionals such as dermatologists, plastic surgeons, aestheticians, and other qualified practitioners.
Examples of aesthetic supplies include:
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Dermal Fillers: Injectable substances used to restore volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
