Record reduction of costs the profit pulls Kimberly-Clark

Kimberly-Clark, American multinational consumer sector, reported net income attributable to the $ $617 million drivers in the third quarter of this year, a growth of 22%, whereas the same period last year. In 2017, profit reached $ $2.278 billion, 5% compared to the previous year.
From October to December, the owner of the brands Kleenex, Scott, Huggies, Intimus and snow hit net revenue of $ $4.58 billion, an increase of 1% on an annual basis. The exchange rate effect benefited sales by more than 1% in the quarter. In the year, consolidated net sales remained practically stable compared to 2016, adding $ $18.259 billion.
The ceo of Kimberly-Clark, Thomas Falk said in a document sent to the market that the company was able to grow in the last line of the balance sheet even in challenging environment. "We recorded a historic cost savings of $ $450 million. Though difficult market conditions to continue in the short term, we plan to better results in 2018 ".
The company's organic sales fell 1%. In North America, organic sales fell 3% in consumer products and increased 1% on professional product line. Outside North America, organic sales increased 4% in emerging countries, but dropped by 3% in developed markets.
In the personal care segment, Kimberly-Clark earned $ $2.3 billion revenue, an increase of 1%, and the volumes recorded 2% expansion. Even in this category, the developing countries were to cooperate with 7% growth in sales and 4% in volume during the fourth quarter.
In addition, the acquisition of share in a joint venture in India benefited sales by 2% and were favourable exchange rates on 1%. The rise was driven by gains in Latin America, mainly in Argentina and Brazil, and Eastern Europe.