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Reckitt grows Q2 sales

This article was originally published in The Rose Sheet

Executive Summary

Health and personal care division sales rebounded in the second quarter, growing 10% to £546 mil. ($845.7 mil.), Reckitt Benckiser reports July 26. The sector, which accounts for 26% of the company's net sales, rallied in the April-June period, with growth in emerging markets offsetting a lackluster performance in Europe, the U.K.-based firm said. The Veet depilatory and Clearasil acne treatment lines performed well in North America. A Societe Generale analyst note said organic growth in health and personal care "recovered as we had hoped and this division has regained its status as the group's main growth driver." Firm's net sales grew 6% for the quarter to £2.06 bil. ($3.19 bil.)
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