Procter & Gamble sees 53 percent profit increase
February 3, 2009
CINCINNATI — JanSan product manufacturer Procter & Gamble reported a 53 percent profit increase for the second quarter of the fiscal year, according to The New York Times.
Earnings were $5 billion, compared to $3.27 billion in the year-ago quarter; the sale of their Folgers coffee brand aided significantly in the earnings and profits increases, the story stated.
Sales fell slightly from $21.04 billion to $20.37 billion, the story noted.
Sales declined in the quarter as a result of lower volume and a stronger dollar, the story added.
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