26 January 2013

P&G delivers second quarter fiscal results

The Proctor and Gamble Company reported increased core earnings for its fiscal year's second quarter of 2012 (October to December). Earnings per share increased by 12% to $1.22 and diluted net earnings per share increased 144% to $1.39. 

Net sales were $22.2 billion, an increase of 2% versus the same quarter in 2011. The company delivered broad-based organic sales growth of 3%, with all business segments increasing organic sales by 2% or more versus the previous year. 

"Our second quarter results were at the high end of our expectations on the top-line and well ahead of forecast on operating profit, earnings per share and cash flow," said chairman, president and CEO Bob McDonald. "Global market share trends improved as we continued to implement our growth strategy and make very good progress against our productivity and cost savings goals."


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