P&G sales post 6% rise in Q2
By Dan Sewell |
January 29, 2010, Friday
|
Print Edition
Print Edition
THE Procter & Gamble Co sees recession-pinched households responding to price cuts, promotions and new versions of its products, as the maker of Pampers diapers and Gillette shavers says its sales are growing.
The Cincinnati-based company yesterday reported sales rose 6 percent for its fiscal second quarter ended on December 31, a turnaround from sales slumps amid the recession. Its profit slid 7 percent on a lower gain from selling business lines.
The world's largest consumer products maker said it earned US$4.66 billion, or US$1.49 per share, with sales of US$21 billion. Earnings got a 47-cent boost from the sale of P&G's prescription drug business. Analysts expected US$1.40 a share on US$21.07 billion in sales.
P&G said organic sales - a key gauge that excludes acquisitions, currency fluctuations and other such effects - were up 5 percent.
The company had forecast organic sales to grow 2 to 5 percent in quarter, and yesterday raised its full-year forecast by 1 percent to a range of 3 to 5 percent for that measure.
Profit fell from US$5 billion a year ago, when earnings were boosted 63 cents a share by P&G's sale of Folgers coffee.
The Cincinnati-based company yesterday reported sales rose 6 percent for its fiscal second quarter ended on December 31, a turnaround from sales slumps amid the recession. Its profit slid 7 percent on a lower gain from selling business lines.
The world's largest consumer products maker said it earned US$4.66 billion, or US$1.49 per share, with sales of US$21 billion. Earnings got a 47-cent boost from the sale of P&G's prescription drug business. Analysts expected US$1.40 a share on US$21.07 billion in sales.
P&G said organic sales - a key gauge that excludes acquisitions, currency fluctuations and other such effects - were up 5 percent.
The company had forecast organic sales to grow 2 to 5 percent in quarter, and yesterday raised its full-year forecast by 1 percent to a range of 3 to 5 percent for that measure.
Profit fell from US$5 billion a year ago, when earnings were boosted 63 cents a share by P&G's sale of Folgers coffee.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
