Cussons cleaning out
The fall of the value of the rouble against the złoty made distribution difficult for the company. First-half losses in Russia came to more than zł.17 million. The company is also selling its Chinese arm, which has been losing money for several years.
The Russian losses led to a four percent drop in overall first-half profits. Pretax profit was zł.152 million for the six months to November 30, compared zł.158 million in the previous year's first half.
In 2002 it merged its subsidiaries to form PZ Cussons Polska SA. It has two manufacturing sites in Wrocław and Warsaw and its head office is in Warsaw. (Reuters)
L.M.
The Russian losses led to a four percent drop in overall first-half profits. Pretax profit was zł.152 million for the six months to November 30, compared zł.158 million in the previous year's first half.
In 2002 it merged its subsidiaries to form PZ Cussons Polska SA. It has two manufacturing sites in Wrocław and Warsaw and its head office is in Warsaw. (Reuters)
L.M.
