Active Stocks
Thu Mar 28 2024 13:59:22
  1. Tata Steel share price
  2. 155.60 1.80%
  1. HDFC Bank share price
  2. 1,454.10 0.93%
  1. Power Grid Corporation Of India share price
  2. 277.55 2.40%
  1. ITC share price
  2. 430.95 0.69%
  1. State Bank Of India share price
  2. 755.20 2.88%
Business News/ Companies / P&G’s Q4 profit falls 18%; sales decline
BackBack

P&G’s Q4 profit falls 18%; sales decline

P&G’s Q4 profit falls 18%; sales decline

Premium

Cincinnati: The Procter & Gamble Co. says its fourth quarter profit fell 18 %, as households around the globe kept tight reins on spending in the recession.

The Cincinnati-based maker of such consumer products as Pampers diapers, Tide detergent and Gillette shavers said Wednesday it earned nearly $2.5 billion, or 80 cents per share, in the three months ended June 30. That’s down from $3 billion, or 92 cents per share, a year ago.

Analysts expected 79 cents.

Revenue fell 11%, to $18.7 billion, as sales fell across the company’s broad portfolio. Analysts expected $19.4 billion.

The quarter ended A.G. Lafley’s nine-year run as CEO. Bob McDonald took over 1July, while Lafley stays as chairman.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 05 Aug 2009, 05:10 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie