Something went wrong with the connection!

Manufacturing & Supply Chain

Proctor & Gamble reports rise in third-quarter results

 Breaking News

Proctor & Gamble reports rise in third-quarter results

April 26
14:29 2016
Spread the love

downloadProcter & Gamble fiscal third-quarter results were jumped as cost cuts and a gain from the sale of its Duracell business offset the negative hit from a strong dollar.

Net income for the fiscal third quarter ending March 31 was $2.8 billion, up 27.7% from the same period a year ago.

Revenues were down 6.9% at $15.8 billion.

Net sales fell in all five of P&G’s consumer product categories.

Sales throughout P&G rose one percent when the impact of the strong dollar was excluded.

Brands with good results included the shampoo Pantene and products to treat adult incontinence.

Lower-performing product areas included health care, due to a weak cough and cold season.

P&G said results in the quarter benefited from the sale of the Duracell battery business to Berkshire Hathaway, which closed on February 29.

Earnings translated into 86 cents per share, four cents above analyst expectations.

About Author

admin

admin

Related Articles


 

 

New Subscriber

    Subscribe Here



    Advertisements














    National Manufacturing Conference & Exhibition 2020

    NIBRT Springboard Success Stories