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Reckitt’s Third Quarter Net Income Rises 40%

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By: TOM BRANNA

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Reckitt Benckiser PLC, London, met expectations with a 40% rise in third quarter net income and firmed up its full year sales and profit targets around the upper end of previously-stated ranges. The company with brands including Dettol, Lysol, Finish, and Calgonit, among others reported a 4% rise in revenue in the quarter to $1.3 billion.As in the second quarter, the company attributed the strong results to strong growth in Western Europe and North America on the back of successful new products,...

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