Business
Pre-Close Update
Pre-Close Update.
About this update from Pz Cussons Plc
[{"type":"text","content":"\n PZ CUSSONS PLC\n01 June 2006\n\n\n1 June 2006\n\n PZ Cussons Plc\n\n Pre-Close Statement\n\nPZ Cussons Plc today issues the following pre-close statement in respect of the\nyear ended 31 May 2006.\n\nThe Group anticipates that profits* for the full year will be in line with\nexpectations.\n\nAs indicated in the interim statement, the positive signs experienced in the\nfirst half have continued for the remainder of the year, although trading in\nsome territories has remained challenging with pressure on margins. Margin\nimprovement initiatives continue to counter further cost increases arising from\noil price increases and the weakening of the dollar.\n\nIn its key markets, trading comments are as follows:\n\nIn the group's main market Nigeria, trading in the second half has been strong.\nThe new milk factory, constructed with joint venture partner Glanbia Plc, is\nperforming well with sales above expectations. Plans to expand milk capacity\nfurther together with the introduction of other nutritional based products are\nat an advanced stage.\n\nUK and Australia have performed well with focus on an ongoing programme of brand\nrenovation.\n\nIn Indonesia, despite the impact on consumer disposable income of significant\nincreases in the price of oil earlier in the year, sales and margins in the\nsecond half have been in line with expectations.\n\nThe preliminary announcement of results for the twelve months to 31 May 2006\nwill be made on Tuesday 1 August 2006.\n\n* before non-recurring items\n\n - ENDS -\n\nFor further information please contact:\n\nPZ Cussons Plc\nGraham Calder, Deputy Chairman 0161 491 8000\n\nWeber Shandwick Square Mile\nJohn Moriarty 0207 067 0700\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2058,"tagName":"div"}]