P & G's profit in the first fiscal half-year increased by 18%


Net profit of the American leader of consumer goods, Procter & Gamble (P & G), grew by 18% following the results of the 2018-2019 fiscal years. The profit amounted to 6.427 billion dollars, according to the company's financial statement. The profit of the parent organization increased by 20% to almost $6.4 billion. Diluted earnings per share rose to $2.44 against $2 during the earnings period last year. The company increased sales by 0.2% to $34.128 billion. The second quarter of the fiscal year ended with an increase in profits by 26% to more than $3.2 billion. Profit of the P & G parent company following the results of the second quarter increased by 28% and exceeded $3 billion. Earnings per share reached $1.22, although experts had predicted growth to $1.21. Diluted earnings per share were $0.93 last year. The CEO of the company called attention to the efficiency and internal culture of Procter & Gamble the reason for the high financial performance over the earnings period.

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