Procter & Gamble profits on demand in developing countries
New York - Consumer goods company Procter & Gamble on Wednesday reported strong profits in its first quarter of the 2008- 2009 fiscal year on high demand for its products in developing countries.
The maker of brands like Pampers and Gillette said profits were up 9 per cent to 3.35 billion dollars. The earnings amounted to 1.03 dollars per share, up 12 per cent from the year-earlier period.
Revenue rose 9 per cent to 22 billion dollars as it passed on higher energy and material costs to consumers. (dpa)
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