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Kao Posts 4.6% Profit Growth in 2003

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By: TOM BRANNA

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JAPAN: Kao Corp, Tokyo, reported its sixth straight year of record net profits, up 4.6% to $598 million, thanks to strong sales of new products, and forecast group net profit would rise 10% to 72 billion yen next year for the year ended March 31. Solid demand for products such as Healthya diet green tea and Asience shampoos plus contributions from overseas units helped offset falling prices in its mainstay toiletry products at home, former president Takuya Goto said. Partially behind the steady...

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