PZ Cussons posts higher profit

PZ Cussons posts higher profit

Tuesday, July 29, 2014 9:18 am

British soap and shampoo maker PZ Cussons Plc, with operations in Nigeria,  posted a 7.4 percent rise in full-year adjusted operating profit as better margins more than compensated for the pound’s strength against various currencies.

The maker of Imperial Leather soap said operating profit before exceptional items rose to 116.4 million pounds ($197.7 million) in the year ended May 31 from 108.4 million pounds a year earlier.

Revenue fell 2.5 percent to 861.4 million pounds.


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