Pz Cussons Regulatory News (PZC)

1 Jun 2006 07:01

PZ CUSSONS PLC01 June 2006 1 June 2006 PZ Cussons Plc Pre-Close Statement PZ Cussons Plc today issues the following pre-close statement in respect of theyear ended 31 May 2006. The Group anticipates that profits* for the full year will be in line withexpectations. As indicated in the interim statement, the positive signs experienced in thefirst half have continued for the remainder of the year, although trading insome territories has remained challenging with pressure on margins. Marginimprovement initiatives continue to counter further cost increases arising fromoil price increases and the weakening of the dollar. In its key markets, trading comments are as follows: In the group's main market Nigeria, trading in the second half has been strong.The new milk factory, constructed with joint venture partner Glanbia Plc, isperforming well with sales above expectations. Plans to expand milk capacityfurther together with the introduction of other nutritional based products areat an advanced stage. UK and Australia have performed well with focus on an ongoing programme of brandrenovation. In Indonesia, despite the impact on consumer disposable income of significantincreases in the price of oil earlier in the year, sales and margins in thesecond half have been in line with expectations. The preliminary announcement of results for the twelve months to 31 May 2006will be made on Tuesday 1 August 2006. * before non-recurring items - ENDS - For further information please contact: PZ Cussons PlcGraham Calder, Deputy Chairman 0161 491 8000 Weber Shandwick Square MileJohn Moriarty 0207 067 0700 This information is provided by RNS The company news service from the London Stock Exchange