PZ Cussons suffers result of reduced margins in Europe and Africa
Reduced margins in areas of Europe and Africa have impacted on the adjusted operating profits Manchester-based consumer products group PZ Cussons.
The profit was down 10.3% to £37.5m from £41.8m in the half year to November 30, although revenue was up 1.9% to £385.4m (HY 2016: £378.2m).
PZ said today profitability was expected to improve in the second half as a result of further new product launches and distribution expansion.
There were tough trading conditions in the UK washing and bathing division with further brand in... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
