StockMarketWire.com - PZ Cussons said in a trading update for the period 25 January to 12 April that its overall performance has been in line with expectations. Its balance sheet remained strong with cash generation for the period also in line with expectations.
"The strength and agility of the Group's brand portfolio and new product pipeline is underpinning solid performance in all regions," it said.
"In particular, the brand portfolio in Nigeria is trading well during the current peak season."
PZ Cussons added that further margin improvement initiatives were underway to mitigate ongoing raw material and exchange rate volatility.
"The outlook for the financial year ending 31 May remains in line with expectations," it said.
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