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July 15, 2003
By: TOM BRANNA
Editor
Reckitt Benckiser Plc said Tuesday second-quarter net revenue growth of 7% was above its full-year target, but it disappointed investors with flat year-on-year growth and lower profits in North America. The UK-based global leader in household cleaning and personal care products also didn’t raise profit expectations for the full year as some expected.The company, which gets some 29% of its revenue from North America, reported lower profits amid higher marketing costs in the region, and adde...
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