Asaleo Care beats prospectus with 18% gain in full-year profit

Tue, 24 Feb 2015

By Jonathan Underhill Feb. 24 (BusinessDesk) - Asaleo Care, the maker of household brands such as Libra, Sorbent, Purex and Treasures that debuted on the ASX last year, posted an 18 percent gain in full-year profit, beating its prospectus forecast, and said it expects "low to mid single digit growth" in 2015. Profit rose to A$72.3 million in 2014, from A$61.4 million a year earlier, the nappy, toilet paper and tampon maker said in pro-forma figures released to the ASX. Sales rose 0.8 percent to about A$630 million, which was 1.9 percent b...

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