Reckitt Benckiser, who owns household cleaning brands such as Harpic and Vanish Oxi Action, has reported a 14% increase in its operating profit to £319m for the first half of the year.

The company, which also owns food brand names such as French’s mustards, recorded an increase of 7% to £174m in the second quarter, with its net income rising by 10% to £129m for this period. For the half year its net income rose by 18% to £234m.

It attributed its successful results to major initiatives in certain brands, including Vanish Oxi Action fabric treatment, Airwick Aroma Oils in air care and Veet Rasera in depilatories.

Bart Becht, chief executive officer, said: “Growth has come from all categories and regions behind new product initiatives supported by significant increases in marketing, particularly media, investment.

“After two strong quarters, Reckitt Benckiser is firmly on track to deliver ahead of the Company’s initial full year targets. Consequently we are raising our target for net revenue growth to 7% plus and for net income growth to 18% plus both at constant exchange.”

In its food portfolio net revenues grew 9% to £85m across the range, but particularly French’s yellow mustard, which had a strong half-year.

The company is launching a number of new products including Vanish Oxi Action Mac and Vanish Oxi Action trigger spray. It is also launching Lysol All Purpose Cleaners with natural ingredients.

Topics