PZ Cussons defies £12m currency hit

PZ CUSSONS, the Manchester company behind brands such as Imperial Leather and self tanning product St Tropez, shrugged off a £12m hit from weakening currencies to report  higher annual profits.

The group, based next to Manchester Airport, has operations in Africa, Indonesia and Australia,  said profits in the year to the end of May rose 7% to £115m on revenue down 2.5% to £861.4m.

Excluding the impact of exchange rates, operating profit would have been 18% higher than prior year, rather than the 7.4% incr... 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...