LONDON Oct 19 Consumer goods maker Reckitt
Benckiser Group reported a bigger than expected slowdown
in third-quarter sales growth on Wednesday, hurt by the
continued loss of business in South Korea due to a scandal over
The maker of Durex condoms and Mucinex cold medicine said
like-for-like sales rose 2 percent in the quarter.
That compares with analysts' average estimate of 2.8
percent, according to a company-compiled consensus, and growth
of 4 percent in the second quarter.
On a reported basis, the British company said sales rose 17
percent to 2.6 billion pounds ($3.19 billion), as the weak
sterling lifted the value of overseas revenue.
Reckitt said it expects full-year sales growth of 4 percent.
($1 = 0.8149 pounds)
(Reporting by Martinne Geller, editing by Louise Heavens)