Business
Hand sanitiser boom and bust trips up McPherson’s – The Australian Financial Review
The consumer goods company has had to write off $5.7 million of hand sanitiser it couldn’t sell.
The provision led to a first-quarter pre-tax loss of $2.8 million and will dent what would otherwise have been a solid first-half and full-year result for the company.
Mr McAllister expects first-half pre-tax profits before provisions to rise between 20 per cent and 30 per cent and full-year pre-tax profits to rise between 5 per cent and 10 per cent. This follows a 20 per cent increase in underlying pre-tax profit in 2020.
Sales have risen 4 per cent in the year to date, buoyed by double-digit…
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