US gum manufacturer Wrigley has reported a 14% rise in first quarter profits to US$97m, or 43 cents a share.
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The profits statement was in line with analysts’ forecasts, and boosted by a weaker US dollar compared with key foreign currencies, and by the successful reception gained by new products such as the Eclipse breath freshener, commented Reuters.
Sales improved by 12% to $672.4m during the quarter under review, with international sales rising by 17%. A strong performance in Europe and the Pacific area was offset by sluggish sales in Asia, however.
