PZ Cussons update doesn’t impress markets

Household goods firm PZ Cussons (LON:PZC) announced that profits before tax and exceptional items for the year ended 31st May will be roughly £70 million, in line with expectations. Management said that performance in African markets had been disappointing, but Asian and European markets had held up well, with a notably strong result from the beauty products arm.

Full results for the year are expected to be published in late July. The price of PZ Cussons shares dropped by 1.09% to 199.80p.