RB Posts Strong Revenue Growth In 2016

Reckitt Benckiser reported like-for-like net revenue grew 3 percent in 2016, compared with the previous year. Total net revenue grew 11 percent, the company said. Adjusted operating margin also rose by 130bps to 28.1 percent, while adjusted net income grew 15 percent. According to the company, ₤367 million were charged in the year for the air freshener issue in South Korea. Reported net income rose 5 percent, while creating free cash flow of ₤2.036 billion, the company said.