News Column

Cussons' profit hit by strong pound

July 30, 2014

? Currency weakness wiped 12m off sterling profits at Imperial Leather maker PZ Cussons, which counts Nigeria and Indonesia among its biggest markets. However, cost-cutting and the launch of higher priced products in Europe more than compensated, helping to push pre-tax profits up year on year to 115m. If a one-off gain on the 46.6m disposal of its home care brands in Poland had been included, its pre-tax profits would have been 31 per cent up.

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Source: City A.M. (UK)

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