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Clorox Profits Rise but Sales Tepid

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By: TOM BRANNA

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Clorox Co., Oakland, CA, said quarterly profit rose a scant 2.8% as rainy weather dampened sales of its Kingsford barbecue charcoal. But Clorox benefited from an aggressive cost-cutting program as it tries to increase earnings in categories that do not lend themselves to high sales growth, analysts said.The company expects an additional $100 million in savings in the current fiscal year, executives told analysts during a conference call. Sales rose 2.1% to $1.15 billion, driven by results at its...

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