PZ Cussons, the maker of Imperial Leather soap, said profit before tax fell to £48.5m in the 12 months to 31 May 2012, down from £108.1m the year before.
Following a profit warning issued in March, the UK-based soap and shampoo maker put the fall down to higher raw material costs, estimated to be a £25m year-on-year rise, and worsening conditions in Nigeria and Australia (two of its key markets). This scored heavily against the 4.7% rise in revenue, which rose to £858.9m from…
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