SSL reports higher sales profits for six months

ERJ staff report (DS)

London -- SSL International -- which makes condoms and health products -- has reported higher sales and profits for the six months ended 30 Sept 2009.

Sales grew to £390.9 million, up by 21.2 percent from £322.5 million a year ago, helped by acquisitions.

Operating profit jumped by 46 percent to £57.1 million, with; underlying operating profit up 10.7%

The company said Russian sales in four months amounted to £45.0 million with operating profit of £10.5 million.

Commenting, Garry Watts, Chief Executive said, “Despite tough trading conditions in some of our core markets, our turnover has moved ahead strongly. Both core brands, Durex and Scholl have performed well. Both gross and net margins advanced, benefitting from our increased scale and from ongoing investment in our processes, supply chain and brand development.

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Press release from SSL