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Carex: Here’s Why PZ Cussons Share Price Hit 2-Year Highs Today

Carex
Nigel F

Shares of PZ Cussons PLC (LON: PZC) soared over 10% today to trade at the highest levels recorded since November 2018 after the soap-maker saw its first-quarter revenue jump 23%.

The company reported adjusted profit before tax from continuing operations at £62 million pounds for the full-year to May 31, down from £72.3 million in 2019. 

The owner of Imperial Leather soap, Carex handwash, and fake tan brand St Tropez, witnessed a great demand for its hygiene products during the COVID-19 pandemic, although sales in its beauty sector suffered. It decided to prioritize Carex 

“Given its anti-bacterial credentials and its power with the customer, we only had enough bottles and pumps to go around, so that went into Carex rather than Imperial Leather,” chief financial officer Alan Bergin said. 

PZ Cussons stock price gained on higher revenue September 2020

Cussons share price gained 10% today to hit 240p, a 22-month high for the company’s stock. 

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Nigel F
Nigel F
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Nigels tiefes Verständnis der Finanzmärkte basiert auf über 10 Jahren Erfahrung. Nigel wurde bisher zweimal von der FCA (Financial Conduct Authority) autorisiert und hat in der letzten Zeit eine Finanz-Brokerage Firma besessen und verkauft. Er liefert hochaktuelle Analysen und Einsichten in die Finanzmärkte und in die allgemeine Wirtschafts- und Währungspolitik des Vereinigten Königreichs, der USA, Europas und Asiens.