TOKYO — Consumer goods company Kao Corp. said Tuesday that its net profit for the six months ended September 30 rose 10.3 percent to 27.84 billion yen, or $332.1 million at an exchange rate provided by the company.
Operating profit jumped 27 percent to 57.87 billion yen, or $690.4 million, due to cost reduction activities, the rebuilding of Kao’s cosmetics business, and more efficient use of advertising expenses, the company said. Kao said deferred income taxes further boosted its bottom line.
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