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Kimberly-Clark Reports Weaker Sales In First Quarter Of 2016

April 22, 2016: 12:00 AM EST
Kimberly-Clark Corporation reported sales declined 5 percent to $4.5 billion in the first quarter of 2016, compared with the same quarter in the previous year. Foreign currency exchange rates lowered sales 7 percent, with most currencies weakening against the U.S. dollar. Organic sales grew 2 percent due to increased volumes. Operating profit for the quarter was $804 million, compared with $748 million in 2015.
"Kimberly-Clark Announces First Quarter 2016 Results", Kimberly-Clark, April 22, 2016, © Kimberly-Clark Corporation
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