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Net income drops 8% in four quarter.
February 10, 2011
By: TOM BRANNA
Editor
Reckitt Benckiser PLC reported an 8% decline in fourth-quarter net profit, and the company warned a slowing global economy and escalating cost pressures could restrain its earnings growth this year. Net profit fell to £414 million ($665.4 million) from £448 million, hit by an exceptional pretax charge of £104 million relating to the acquisition of SSL International PLC, which owns the Durex and Scholl brands. Operating profit excluding exceptional items rose 16% year-to-year to £703 m...
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