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0 0 0.00117508813160985 0.00235017626321969 -0.00470035252643938 -0.00822561692126913 -0.0129259694477085 -0.0176263219741481
Stock impact report

Haleon Backs Views After Profit Rise on Robust Growth -- Update [MarketWatch]

Haleon plc American Depositary Shares (Each representing two Ordinary Shares) (HLN) 
Company Research Source: MarketWatch
better-than-expected sales, with positive volume, price and organic growth across all categories and regions, and backed its targets for 2024. Shares at 0921 GMT were up 7.7% at 338.2 pence. Advertisement The consumer-healthcare business, which was spun out of GSK PLC and is partly owned by Pfizer Inc., reported a pretax profit of 1.63 billion pounds ($2.06 billion) compared with GBP1.62 billion a year ago. However, adjusted pretax profit--which strips out exceptional and other one-off items--fell to GBP2.18 billion from GBP2.265 billion, missing company-provided market expectations of GBP2.215 billion. Revenue came in at GBP11.30 billion from GBP10.86 billion, ahead of expectations of GBP11.28 billion. Advertisement Organic revenue growth rose 8%, consisting of 1.0% volumes and 7.0% price. The company had guided revenue growth to be between 7% to 8%, compared with the market consensus of 7.6%. Adjusted operating profit rose 10.4% at constant currency to GBP2.55 billio Show less Read more
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