Proactive Investors - Run By Investors For Investors

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.

View full PZC profile View Profile

PZ Cussons Timeline

Related Articles

April 16 2019
“I think we’re really in a good place at the moment, we’re in a world that wants a solution to plastic pollution,” said chief executive Michael Laurier.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use