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Henkel Reports Lower Detergent Sales in First Quarter

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By: TOM BRANNA

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GERMANY: Düsseldorf-based Henkel posted a disappointing 4.5% decline in profits in the first quarter of 2004 due to lower sales in the core home care division and costly product re-launches. Henkel, whose overall sales in the first quarter rose 2.4%, and 4.8% after currency effects, said that the adhesives and technologies units performed best in a statement. Henkel executives, who expect the $2.9 billion purchase of Scottsdale, AZ-based Dial to give profits an immediate boost, said the forecas...

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