Kimberly-Clark posts higher quarterly profit

July 22 Mon Jul 22, 2013 7:42am EDT

July 22 (Reuters) - Kimberly-Clark Corp, best known for Kleenex tissues, posted a higher quarterly profit on Monday, as cost savings helped offset the impact of foreign exchange and a higher tax rate.

Kimberly-Clark earned $526 million, or $1.36 per share, in the second quarter, up from $498 million, or $1.26 per share, a year earlier.

Excluding items, earnings were $1.41 per share. Sales were roughly flat at $5.27 billion.

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