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PZ Cussons Revenue Up for 2012
Posted: July 26, 2012
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“At the same time, we are working actively to reduce our cost base, and the supply chain optimization project announced in March will significantly reduce the overhead base of our manufacturing activities. Our balance sheet remains strong with only a small net debt position, and this gives us the capacity to pursue further investment opportunities which fit our strategic aims.
“Clearly the world remains uncertain and volatile. However, consumer demand for high quality innovative products serving day to day needs continues, and we are well placed to serve those needs with a strong distribution footprint in key geographic markets. Whilst the situation in the group’s important Nigerian market remains fragile, we are confident that the group will return to profitable growth in the current financial year. Overall performance since the year-end has been in line with expectations,” Harvey concluded.