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Reckitt Benckiser lifts outlook after sales top estimates

Reuters - UK Focus

LONDON, Oct (HKSE: 3366-OL.HK - news) 21 (Reuters) - Reckitt Benckiser Group raised its full-year sales outlook on Wednesday after reporting a bigger-than-expected gain in third-quarter sales helped by consumer health products.

The maker of Durex condoms, Nurofen tablets and Finish detergent said like-for-like sales rose 7 percent. Analysts on average were expecting a rise of 5.2 percent, according to a company-supplied consensus.

Net (LSE: 0LN0.L - news) revenue was 2.20 billion pounds, just shy of analysts' estimates of 2.21 billion.

The company said it was now targeting full-year like-for-like sales growth of 5 percent, up from an earlier forecast of 4 to 5 percent. (Reporting by Martinne Geller in London; editing by Jason Neely)