Kao Reports Rise in Net Profit Q1 Fiscal 2011

Kao Reports Rise in Net Profit Q1 Fiscal 2011

Contact Author
Close
Fill out my online form.

Kao's net profit grew 5.7% to $141 million at for the first quarter of fiscal 2011, ended June 30, 2010. Sales for the period increased 1% to $3.28 billion. Operating profit grew to $295.8 million.

The company's beauty care division posted an operating income of $20.3 million. Sales for the division, which includes the Kanebo and Jergens brands, totaled $1.48 billion, down 2.2%. Kao attributed the drop in beauty care sales to the continued contraction of Japan’s high-end cosmetics market and shift in consumer preference to lower priced products.

The complete report is available from the company.