Personal care giant PZ Cussons revealed strong margin improvement in its first-half results today.
While sales growth was a modest 0.7% due to the impact of currency fluctuations, profits before tax were up by more than a fifth (21%) to £44.7m over the past six months.
As a result, the company boosted dividends to 1.93 pence per share from 1.19 last year.
“The group has delivered a strong performance in the first half despite the economic environment remaining fragile,” said chairman Anthony Green.
“Investment in both our brand portfolio and our supply chain facilities has enabled us to deliver continued profitable growth in the short term as well as laying the foundations for longer term growth in all three regions in which we operate.”
UK performance boosts PZ Cussons profits (9 December 2009)
Stores profit from panic over swine flu (Convenience Store, 15 May 2009)