Reckitt Benckiser 1st Half Pretax Profit Rose on Rising Demand for Hygiene, Health Products
28 Luglio 2020 - 8:52AM
Dow Jones News
By Matteo Castia
Reckitt Benckiser Group PLC reported Tuesday a rise in
first-half pretax profit as demand for hygiene and health products
boosted revenue during the coronavirus pandemic, and raised its
expectations for the full-year.
The consumer-goods company--which owns brands such as Durex
condoms and Cillit Bang cleaning products among others--made a
pretax profit of 1.44 billion pounds ($1.85 billion) for the six
months, compared with GBP1.26 billion a year earlier.
Net revenue rose to GBP6.91 billion from GBP6.24 billion the
previous year, up 12% on a like-for-like basis.
The board declared an interim dividend of 73 pence, unchanged
year-on-year.
Reckitt Benckiser said it now forecasts high single-digit growth
in net revenue for the full-year, and that it expects a 5% to 6%
hit from the pandemic on 2021 net revenue.
"After a strong first half, we now expect our net revenue,
margin and earnings performance to be better than our expectations
in February and April, notwithstanding a cautious outlook for the
balance of 2020 and an uncertain macro-economic environment," the
company said.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
July 28, 2020 02:37 ET (06:37 GMT)
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