PZ CUSSONS PLC
01 June 2006
1 June 2006
PZ Cussons Plc
Pre-Close Statement
PZ Cussons Plc today issues the following pre-close statement in respect of the
year ended 31 May 2006.
The Group anticipates that profits* for the full year will be in line with
expectations.
As indicated in the interim statement, the positive signs experienced in the
first half have continued for the remainder of the year, although trading in
some territories has remained challenging with pressure on margins. Margin
improvement initiatives continue to counter further cost increases arising from
oil price increases and the weakening of the dollar.
In its key markets, trading comments are as follows:
In the group's main market Nigeria, trading in the second half has been strong.
The new milk factory, constructed with joint venture partner Glanbia Plc, is
performing well with sales above expectations. Plans to expand milk capacity
further together with the introduction of other nutritional based products are
at an advanced stage.
UK and Australia have performed well with focus on an ongoing programme of brand
renovation.
In Indonesia, despite the impact on consumer disposable income of significant
increases in the price of oil earlier in the year, sales and margins in the
second half have been in line with expectations.
The preliminary announcement of results for the twelve months to 31 May 2006
will be made on Tuesday 1 August 2006.
* before non-recurring items
- ENDS -
For further information please contact:
PZ Cussons Plc
Graham Calder, Deputy Chairman 0161 491 8000
Weber Shandwick Square Mile
John Moriarty 0207 067 0700
This information is provided by RNS
The company news service from the London Stock Exchange