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PZ Cussons fiscal H1 profit falls YOY

PZ Cussons PLC said its normalized net income for the fiscal first half ended Nov. 30, 2014, was 6 Great British pence per share, a decline from 6 pence per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £25.2 million, a decrease from £26.4 million in the prior-year period.

Total revenue fell 10.4% on an annual basis to £386.7 million from £431.8 million, and total operating expenses declined 10.7% on an annual basis to £342.1 million from £383.0 million.

Reported net income declined year over year to £27.5 million, or 7 pence per share, from £28.3 million, or 7 pence per share.