Reckitt Benckiser (LSE:RB.)
Historical Stock Chart
1 Year : From Mar 2019 to Mar 2020
By Anthony Shevlin
Reckitt Benckiser Group PLC (RB.LN) said Tuesday that it expects a stronger second half, but still revised its growth outlook for the year after profits crept up the first half.
The consumer-goods company said pretax profit for the six month ended June 30 was 1.26 billion pounds ($1.55 billion), compared with GBP1.11 billion a year prior.
The company behind brands such as Cillit Bang cleaning products and Nurofen pain killers said revenue for the period rose 1% at constant currency to GBP6.24 billion from GBP6.14 billion.
Operating profit for the period rose to GBP1.41 billion, the company said.
The board proposed an interim dividend of 73 pence a share, up from 70.5 pence a share a year earlier.
Reckitt Benckiser expects a stronger second half to the year and for growth to return to normal levels for the company.
However, the company revised downward its full-year net revenue guidance to between 2% to 3% on a like-for-like basis. The company previous expected growth of between 3% and 4%.
Write to Anthony Shevlin at email@example.com; @anthony_shevlin
(END) Dow Jones Newswires
July 30, 2019 02:32 ET (06:32 GMT)
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