Posted on April - 22 - 2010
PZ Cussons on track to meet targets
Soap and shampoo maker PZ Cussons said it is on track to achieve full-year expectations despite tough trading conditions and rising costs.
The Stockport-based maker of Imperial Leather, Carex soap and Original Source products said results for the period from January 27 to this week were in line with management expectations.
PZ Cussons, whose key markets are the UK, Australia, Indonesia and Nigeria, added that its balance sheet remains healthy.
Analysts have been forecasting pre-tax profits of £102m for the year to the end of May.
PZ Cussons said UK revenue and profits have continued to increase, adding that product launches over the coming months will provide a platform for further growth. Its Sanctuary spa business also continues to perform well.
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