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PZ Cussons

PZ Cussons issues short but reassuring trading statement

After the company's profit warning in January, the market was relieved that there was no bad news in Thursday's update; in fact, it was such a short statement, there was hardly any news in it

Imperial Leather
The next scheduled trading update is 13 June when we might get a bit more detail

PZ Cussons PLC (LON:PZC), the maker of Imperial Leather soap, said its full-year profit expectations remain in line with previously issued guidance.

Admittedly, that guidance, issued in January, constituted a profit warning at the time but the market was relieved that Thursday’s trading update contained no further slippage, and the shares rose a penny in early deals to 193.8p.

READ Soap maker PZ Cussons slides as Nigerian troubles set to wipe £10mln from full-year profits

In truth, there was not much else for the market to go on as the trading update was terse; the next scheduled trading update is on 13 June.

Quick facts: PZ Cussons

Price: £2.07

Market: LSE
Market Cap: £885.37 m

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