All operating divisions contributed to the company’s 3. 5 per cent organic sales growth in the quarter, which excludes effects from foreign exchange, acquisitions and divestments, said chief executive Ian Cook.
For the full year, the company said it now expects per-share earnings to grow 3 per cent to 4 per cent, down from the 4 per cent to 5 per cent growth it had previously projected.
Excluding items, per-share earnings were 76 cents. Net sales edged down 0. 5 per cent to $US4. 38 billion.
Read more here: Business Spectator