Industry
PZ Cussons says FY performance has been in line with expectations
Pz Cussons Plc Board said that the overall performance of the group has been in line with its expectations. It said that the Group’s balance sheet remains strong with cash generation for period also in line with its financial plan
The board stated that whilst liquidity has improved in the country during second half of 2016, availability of us dollars at interbank rate remains low resulting in the need to continue accessing secondary market for foreign exchange.
According to the board in the country at the moment all business units across personal care, home care, electricals and food & nutrition have continued to trade relatively well
It said that the strength and agility of the group’s brand portfolio is underpinning solid performance in all regions and new product launches are performing well. It said that the Group’s balance sheet remains strong and well placed to pursue new opportunities as they arise
It also said that performance in smaller markets of Poland and Greece has been in line with expectations Source text for Eikon: Further company coverage:
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