Clorox NZ, like NYSE-listed parent, finds little earnings growth in household staples

Mon, 10 Feb 2014

By Suze Metherell Feb. 10 (BusinessDesk) – Clorox New Zealand, the local arm of the NYSE-listed bleach and Glad wrap maker, has extended a run of flat earnings, echoing the results of a parent company looking to emerging markets to drive growth in sales of household staples. Profit was $8.8 million in the 12 months ended June 30, 2013, little changed from a year earlier, according to the Auckland-based company’s annual report, and has declined about 11 percent from 2008. Sales edged up 0.5 percent to $42.7 million in the latest year, to be 1...

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