PZ Cussons Plc announces its trading update in respect of the half year to 30 November 2012.
First half trading
The overall performance of the Group for the first half of the year has been in line with management expectations. Whilst revenue has been broadly flat, mainly as a result of difficult trading conditions in Nigeria, profits have increased by approximately 10% versus the comparative period, driven in particular by an improvement in the profitability of the Australian business and a robust performance in the UK.
The financial position of the Group is strong with cash generation during the period also in line with expectations.
