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Kimberly-Clark Corporation sees 41 percent profit increase

October 22, 2009
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DALLAS — Kimberly-Clark Corporation announced their fiscal second-quarter earnings today, which included a 41 percent increase in profit due to higher prices for finished goods and lower commodity costs, according to the Associated Press.
Earnings for the quarter were $582 million, up from $413 million in the year-ago quarter, the story stated.
Lower prices for raw materials like wood pulp and plastic helped offset a 2 percent overall revenue decline, the story noted.
According to the story, fears of the H1N1 influenza A (swine flu) virus drove worldwide demand for face masks, which lifted revenue from health care products nearly 16 percent.
Kimberly-Clark said it will focus on cutting costs and investing in its brands for the rest of the year, the story added.
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