Haleon PLC Reports Mixed Results for First Half of the Year
Haleon PLC, a consumer healthcare company, has released its financial results for the first half of the year. Key highlights from the report include:
- Pre-tax profit increased during the period
- Revenue growth forecast reduced due to weak demand in North America
- Operating profit outlook for the full year has been raised
- A second tranche of the company’s share buyback programme has been initiated
The company’s performance has been impacted by a challenging US market, leading to a reduction in its full-year guidance. The revised guidance reflects the current market conditions and is based on the company’s current expectations.
Key Financial Highlights
- Pre-tax profit: increased
- Revenue growth forecast: reduced
- Operating profit outlook: raised
- Share buyback programme: second tranche initiated
Outlook and Guidance
Haleon’s revised full-year guidance takes into account the current market conditions, particularly in the US. The company will continue to monitor the market and adjust its guidance as necessary.
Share Buyback Programme
The company has initiated a second tranche of its share buyback programme, which will be used to purchase shares from the market. The programme is designed to return value to shareholders and reduce the company’s share capital.