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May 7, 2003
By: TOM BRANNA
Editor
Reckitt Benckiser PLC, London, said its pretax profit for the three months to March 31 was GBP111 million, compared with a year-earlier GBP96 million. Net revenues grew 2% (6% constant) to GBP874 million. Net revenues from continuing operations grew 3% (6% constant).Gross margin increased 260 bps to 53.4% due to favorable long-term contracts, higher margin new products and savings from ongoing cost optimization programs, Squeeze and Xtrim. Net income was GBP82 million, an increase of 17% (15% co...
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