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Home Industry News Procter and Gamble posts financial results

Procter and Gamble posts financial results

30th October 2008

Proctor and Gamble (P&G) has posted financial results revealing a net sales growth of nine per cent for the last quarter.

Between July and September this year the company’s net sales reached $22 billion (12 billion pounds).

Organic sales increased by five per cent and overall growth was led by good performance in the beauty, fabric care and home care, plus baby care and family care segments.

Diluted net earnings per share increased by 12 per cent to $1.03 for the quarter

Chairman of the board and chief executive officer A G Lafley said the results were indicative of the company’s “strength of P&G’s balanced brand and geographic portfolio”.

“We continue focusing on leading innovation and improving productivity to deliver superior consumer and shareholder value.”

He went on to say how this focus on “delighting consumers with trusted” products gave him confidence that P&G would continue to deliver target growth over the lon-term, regardless of the present economic environment.

P&G products include Gillette Fusion, Head & Shoulders, Cover Girl, Gain and SK-II and some of these products experienced price increases.

New products launched during the quarter included Always Infinity sanitary pads, Tide and Downy Total Care fabric conditioner, Crest Pro-Health Whitening Paste, Pampers Swaddlers Sensitive & UnderJams and Dawn Hand Renewal.

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