Company News, Financial News

Positive Impact at Clorox

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By: TOM BRANNA

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• Clorox posted a bigger-than-expected rise in quarterly profit, as price increases, lower advertising spending and a decreased tax rate offset higher costs, and it stood by its forecast for the current fiscal year. Sales rose 4% to $1.54 billion for the fourth quarter. For the year, Clorox sales rose 5% to more than $5.4 billion. Volume increased 2%, but net income dipped less than 1% to $543 million. “I’m very pleased with our strong finish to fiscal year 2012,” said chairman and CEO...

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