Financial Performance

- benefiting shareholders, employees and the wider community

The board’s commitment to the principles of CSR reflects its view that it is incumbent on leading companies to make a positive contribution to society through their activities. The board also believes, however, that socially responsible conduct is value enhancing for its shareholders and other stakeholders. In particular, the board recognises the potential benefits which may be derived where its CSR activities are aligned to the concerns and demands of its customers and the Group listens to and takes account of those concerns in shaping its business strategies and practices. The board also recognises that companies are subject to increasing regulation, particularly in respect of environmental issues, and that the pursuit of a proactive CSR policy reduces the risk of adverse regulatory action.

The financial performance of PZ Cussons Nigeria Plc has a positive impact in all territories in which it operates. During 2009 revenue and profit after tax for the Nigerian subsidiary were up on the previous year by 23% and 20% respectively and this financial performance has generated benefits for our shareholders, employees and wider stakeholders.