UPDATE 1-Durex maker SSL Q1 trading in line

Thu Jul 23, 2009 2:43am EDT

* SSL says business environment remains challenging

* Balance sheet strong; no changes to financial position

LONDON, July 23 (Reuters) - SSL International SSL.L, which makes Durex condoms and Scholl footcare products, said on Thursday trading in the three months between April and June was in line with the board's expectations.

The company said the business environment was still challenging but that the balance sheet remained strong and that there were no changes to its financial position.

"Coupled with a successful performance by our recent acquisitions (investment in the brand) is driving the group towards its target of growing earnings by 50 percent over the three years to March 2012," Chairman Gerald Corbett said in a statement.

In May SSL reported operating profit for the year to March 31 had risen by 31.4 percent, beating analyst expectations.

(Reporting by Catherine Bosley; Editing by Victoria Bryan)

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