Wed Jul 27 2022
Austin Collins (387 articles)

Reckitt posts 11.9% rise in quarterly like-for-like sales, beating expectations

Reckitt posts 11.9% rise in quarterly like-for-like sales, beating expectations

Britain’s Reckitt Benckiser (RKT.L), maker of Dettol and Lysol cleaning products, on Wednesday beat second-quarter sales expectations after raising prices to make up for soaring input costs.

The company said quarterly like-for-like revenue rose 11.9%, on a constant currency basis, ahead of the 6.8% growth analysts had expected in a company-supplied poll.

Austin Collins

Austin Collins

Austin Collins is our Europe, Asia, & Middle East Correspondent. He covers news related to Stock Market. In past he has worked for many prestigious news & media organizations. He is based in Dubai