RKT Reckitt Benckiser Group Plc

By Matteo Castia

Reckitt Benckiser Group PLC reported Wednesday a swing to a net profit for 2020, as its hygiene division benefited from increasing demand amid the coronavirus pandemic and boosted revenue in the period.

The consumer-goods company--which houses Dettol, Harpic and Durex among its brands--made a net profit of 1.19 billion pounds ($1.68 billion) for the year, compared with a net loss of GBP3.68 billion in 2019.

Pretax profit was GBP1.87 billion, compared with a loss of GBP2.11 billion, it said. Revenue rose to GBP13.99 billion from GBP12.85 billion.

In the fourth quarter, revenue rose to GBP3.57 billion from GBP3.32 billion in the year-earlier period, it said. The group's hygiene division increased its revenue by 22% during the fourth quarter to GBP1.59 billion, and by 16% to GBP5.82 billion for the full year.

On a like-for-like basis, revenue from the hygiene division jumped 26% on the year during the fourth quarter and 20% in the full year.

The board declared a final dividend of 101.6 pence, taking the full-year payout to 174.6 pence, flat on the year.

The company said it expects like-for-like revenue for 2021 in a range from flat to 2% growth, including a strong first quarter.

Write to Matteo Castia at matteo.castia@dowjones.com

(END) Dow Jones Newswires

February 24, 2021 02:43 ET (07:43 GMT)

Reckitt Benckiser (LSE:RKT)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024

Reckitt Benckiser (LSE:RKT)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024