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(Alliance News) - PZ Cussons PLC on Tuesday said its supply chain remained resilient and fully operational during the third quarter of its current financial year, resulting in an increase in revenue.
The Manchester, England-based manufacturer of personal healthcare products said revenue for the three months to February 27 grew by 4.7% on the prior year to GBP145.3 million. All regions grew revenue and profit versus the prior year, the company said.
The company also noted that its balance sheet remains robust. Net debt stood at GBP35 million as at the end of February, down from GBP116 million a year ago.
Looking ahead, PZ Cussons said, despite continued market volatility, it remains on track to perform in line with the current range of market expectations for the full year.
"Our third quarter results maintained the renewed momentum of our business despite the quarter ending with the anniversary of the start of the global Covid-19 pandemic," said Chief Executive Jonathan Myers.
"In the final quarter of this current financial year, as some of our brands come up against strong levels of demand in the base period, we intend to continue increasing investment behind building our brands and capabilities, to maintain momentum as we move to more normal comparatives," added Myers.
PZ Cussons shares were trading 1.6% higher in London on Tuesday morning at 272.78 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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