PZ Cussons (LSE:PZC), the consumer goods group behind Imperial Leather soap and Carex hand wash, expects full-year profit to come in at the upper end of its guidance range after continued strong trading through the third quarter.
Like-for-like revenue rose 6.3% in the three months to 28 February, a slight easing from the 9.5% recorded in the first half but still comfortably positive.
The group now expects adjusted operating profit towards the top of its £53 million-£57 million guidance range, which itself was upgraded last month after a strong first half that saw underlying profits jump 32% and profit before tax leap more than 50%.
A key factor is the Nigerian naira, the currency of Cussons' important African market, where previous sharp devaluations had weighed heavily on reported results.
The group said the naira had shown further stability and that management actions had continued to reduce its sensitivity to currency swings.
Full-year results are to be published in early August.