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PZ Cussons first-half profit rises as pandemic-led demand continues

Published 26/01/2021, 08:46
© Reuters.
PZC
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Jan 26 (Reuters) - PZ Cussons PZC.L , the maker of Imperial
Leather soap and Carex handwash, reported higher first-half
adjusted pretax profit on Tuesday from a pandemic-led demand for
handwash and sanitisers, though it faced Brexit-led disruption
in its supplies.
Adjusted profit before tax jumped 18.7% to 34.9 million
pounds ($47.61 million) for the six months ended Nov. 30, the
British company said, adding that it expects to perform in line
with the current range of market expectations for the fiscal
year.
The company reported adjusted profit before tax of 30
million pounds in the year-ago period.
Cussons also said it was seeing some delays in material
supply due to Britain's exit from the European Union last month,
but added that the initial effects of Brexit have been managed
with only a small adverse impact.

($1 = 0.7331 pounds)

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