TOKYO — Kao Corp. said Friday that its net profit for the three months ended March 31 more than doubled on increased sales and lower expenses.
The company’s net profit in the first quarter totaled 25.2 billion yen, or $245.2 million at average exchange rates for the period. This is compared with a net income of 10.52 billion yen, or $114.3 million, for the same period the previous year.
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