Procter & Gamble Co., the consumer products...
Associated Press
Procter & Gamble Co., the consumer products giant, said its earnings shot up 12% in the fiscal fourth quarter in spite of a soft global economy.
For the quarter ended in June, the company reported a profit of $339 million, equal to 46 cents a share, compared to $304 million, or 41 cents, a year ago. Sales rose 6.6% to $7.2 billion from $6.7 billion.
The Cincinnati-based company said that for the year it earned $1.9 billion, or $2.62 a share, against $1.8 billion, or $2.46 a share, in 1991. Sales for the 12-month period increased 8.6% to a record $29.4 billion from $27.0 billion.
