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May 8, 2003
By: TOM BRANNA
Editor
Clorox Co., Oakland, CA, said Thursday that profit for its latest quarter more than doubled, helped by cost cuts and a shift to sales of more profitable products. Sales remained essentially flat at $1.01 billion compared to year-ago sales of $1.02 billion. Volume, which measures sales without the effect of currency and price changes, also was flat during the period.However, after adjusting to reflect the effect of asset sales, volume rose 2%, driven by a 3% increase in the combined volume of its...
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