Kao on track to smash profit forecast for 1H 2016

Kao on track to smash profit forecast for 1H 2016

Kao is set to smash its operating profit forecast for the six months to June, 2016, according to a report published by Nikkei.

The Japanese cosmetics manufacturer is expected to announce group operating profit of ¥80 billion, well about the predicted ¥65 billion.

The company is thought to have achieved sales growth of 2 percent for the first half of the year, with revenue reaching ¥710 billion thanks to a buoyant consumer products segment, with Bioré face wash, Curel skin lotion and Kyukyuttu dish soap all selling well.

 

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