Revenue jump for Imperial Leather maker despite banknote chaos in Nigeria

Soap business PZ Cussons reported a 6.2% hike in third-quarter revenue driven mainly by price rises.

PZ Cussons makes a range of products, including the St Tropez tanning range (PZ Cussons/PA) (PA Media)

Imperial Leather maker PZ Cussons said that its sales had been impacted by the botched recent banknote rollout in Nigeria, but it has still managed to grow revenue as it raised prices.

The soap business reported a 6.2% hike in third-quarter revenue “driven primarily by price/mix improvements” on Thursday as it saw improvements in Europe and the Americas.

Across Africa, trading remained in line with expectations, and the brands that PZ Cussons defines as “must win” saw good growth.