RB Posts Lower Net Revenue In First Half Of 2017

Reckitt Benckiser reported net revenue declined like for like to ₤5.017 billion in the first half of 2017, compared with the same period of the previous year. Operating profit for the period was ₤1.063 billion, an increase of 50 percent compared with the same period in 2016. Operating profit rose 16 percent to ₤1.19 billion on an adjusted basis. According to the company, net finance expense for the period was ₤47 million, the increase caused by the increased net debt cost related to its acquisition of Mead Johnson Nutrition.