Gamble sees net sales rise 10 percent in Q4

Procter & Gamble (P&G) has reported a surge in net sales during the final quarter of its 2011 fiscal year.

The company's earnings rose by ten percent year on year to $20.9 billion (12.8 billion pounds) for the three-month period, while its takings for the full year stood at $82.6 billion – an increase of five percent.

Organic sales grew by five percent, the strongest performance of the financial year, with the upturn bolstered by a three percent rise in prices.

For the year as a whole, operating cash flow of $13.2 billion was recorded, while operating cash flow reached $9.9 billion.

Chairman of the board, president and chief executive officer Bob McDonald said: "We are pleased with the strong top and bottom-line performance in the quarter."

Last month, P&G declared a quarterly dividend of $0.525 per share, to be paid on or after August 15th. The company has issued a dividend for 121 consecutive years since its incorporation.