The American parent company which operates the Kimberly- Clark Australia Millicent Mill has reported a slight dip in its annual profit.

The Kimberly-Clark Corporation announced its results to the New York Stock Exchange last week.

As per company policy, the financial results of KCA and other countries were not stated.

Plant closures are often announced at this time but none are slated for 2022.

KCC chief executive and chairman Mike Hsu had an upbeat outlook.

“Our teams have been executing well in this challenging macro and operating environment, maintaining cost discipline, balancing pricing initiatives, taking care of our customers, and continuing to build our brands and grow share,” Mr Hsu said.

“Looking ahead, we will continue to invest in innovation, supporting our brands, and accelerating top line growth.

“While we expect inflation and supply-chain disruption to persist into 2022, we are committed to recovering margins to pre-pandemic levels over time, and we are optimistic about gradual improvement later in the year.

“We remain confident in the potential of our categories in the near and long-term.”