PZ Cussons Plc announces its trading update in respect of the half year to 30 November 2011.
First half trading
The Group's businesses in its core markets of the UK, Indonesia and Nigeria have achieved continued momentum with good revenue growth in the period, however a continued high level of raw material costs and adverse exchange rate movement have impacted margins. In addition, trading conditions in Australia, and in the smaller markets of Greece, Thailand and the Middle East, have been challenging. As a result profit overall for the period has been below expectations.
The financial position of the Group is strong with negligible net borrowings at the end of the period.
