Shares in consumer goods company Reckitt Benckiser (LON:RB) fell over 3 percent in early trading on Monday, after revenue came in flat for the 2017 financial year.
The company had previously downgraded their revenue guidance, with like-for-like revenue coming in line with that guidance despite increasing by 2 percent in the fourth quarter.
However net income jumped 230 percent to £6.17 billion, declaring a final dividend of 97.7p per share, up from 95.0p a year earlier and bringing to the total dividend for 2017 to 164.3p, up 7%.
“2017 was a significant year in Reckitt Benckiser’s journey to become a global leader in consumer health,” chief executive Rakesh Kapoor said.
“We returned to growth after a solid finish to the year, our acquisition of MJN is firmly on track and the creation of two business units – RB Health and RB Hygiene Home – will drive long-term growth.”
The company are targeting revenue growth of between 13 and 14 percent for 2018.
