Imperial Leather maker PZ Cussons has reported a drop in half-year profits.
The consumer products group behind brands Carex, St.Tropez and Sanctuary Spa brands saw its adjusted pre-tax profit decrease 13.1 per cent to £28.0m for the half year to November 30, down from £31.8m on the same period the year before.
After exceptional items, pre-tax profit rose 34.5 per cent to £34.7m, up from £25.8m.
Revenue also dropped 4.3 per cent to £293.2m, down from £302.8m the year before.
The group attributed the decline in revenue to “challenging market conditions across key geographies”.
PZ Cussons said it is expecting a “stronger” second half for pre-tax profit “subject to no further worsening of the economic and trading environments across our key geographies”, including the 海角视频.
Chair Caroline Silver said: “The Group’s adjusted results for the first half of the year were impacted by challenging market conditions across our key geographies.
“We were pleased to see that the performance of our focus brands was stable overall compared to prior year.
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“Our investment remains targeted towards these focus brands and this will continue in the second half of the year.
She continued: “We have started to restructure our portfolio of activities, disposing of our business in Greece and agreeing the sale of our Polish brand.
“Further portfolio reshaping is underway and initiatives to improve our operating efficiency are being implemented at pace.”
The results come after the group announced its chief executive Alex Kanellis on January 31. Plans to appoint his successor are “well advanced”, it said.