NewsAugust 18, 1991
P&G REPORTS EARNINGS UP BY 11%
Procter & Gamble Co. reported $1.77 billion net earnings for the fiscal year that ended June 30, an increase of 11 percent over the previous year's $1.6 billion net earnings. The company attributed the increase to volume growth and favorable currency exchange rates. Worldwide net sales amounted to $27 billion...
Procter & Gamble Co. reported $1.77 billion net earnings for the fiscal year that ended June 30, an increase of 11 percent over the previous year's $1.6 billion net earnings.
The company attributed the increase to volume growth and favorable currency exchange rates. Worldwide net sales amounted to $27 billion.
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Earnings per common share rose 10 percent to $4.92.
The company, based in Cincinnati, said the recession in the U.S. was offset by international business, especially in Europe and Japan.
P&G operates a paper products plant north of Cape Girardeau.
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