Strong Africa market boosts PZ Cussons

Published: 27-Jan-2009

PZ Cussons today announced a pre tax profit rise of 13.5% for the six months ending 30 November 2008. The Imperial Leather and Carex soap manufacturer revealed pre tax profits of £36.9m ($51.42m) as compared to £32.5m in the half year to 30 November 2007.


PZ Cussons today announced a pre tax profit rise of 13.5% for the six months ending 30 November 2008. The Imperial Leather and Carex soap manufacturer revealed pre tax profits of £36.9m ($51.42m) as compared to £32.5m in the half year to 30 November 2007.

PZ Cussons credited its positive results with the company’s popularity in Nigeria, which accounts for approximately half its custom. As most Nigerian customers buy in cash, the country has avoided any form of credit crunch. In Europe, The Sanctuary, which was purchased by PZ Cussons for £75m in January 2008, also delivered well leading Chairman Anthony Green to describe the company’s outlook for 2009 as “cautiously optimistic”.

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