PZ Cussons confident of growth
PZ Cussons said trading in most of its markets was challenging, but that it was confident of a return to profitable growth in the current financial year.
PZ Cussons said trading in most of its markets was challenging, but that it was confident of a return to profitable growth in the current financial year.
In a trading update the Imperial Leather soap maker said performance for the first half of the year had been in line with management expectations.
Revenue was broadly flat, mainly as a result of difficult trading conditions in its key market Nigeria, which has been affected by social unrest as well as widespread flooding.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
However, the firm said profits had increased by around 10% compared to the year before.
This was driven in particular by an improvement in the profitability of its Australian business and a robust performance in the UK.
"The group's focus remains on new product development and further margin improvement," the statement said.
"Raw material cost trends are expected to be favourable this year and the benefits of the supply chain optimisation project are also beginning to be seen."
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Just Group has the wind behind it – should you invest?
Just Group, a retirement products provider, is well placed to profit from a growing annuity market
-
8 of the best houses for sale for around £500,000
The best houses for sale for around £500,000 – from an 1850s property in Great Yarmouth with a viewing tower overlooking the harbour, to an apartment in period property with a private residents’ garden in Greenwich