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P&G Reports 1st-Quarter Profit Increase

October 23, 2019

Procter & Gamble (P&G), parent company of Procter & Gamble Professional, has reported a fiscal-first-quarter profit of US$3.59 billion, up from $3.2 billion a year earlier.

The company posted $17.7 billion in sales during the first quarter, a 6.6% increase year-over-year. Net sales for P&G’s health care divisions were up 20%, while sales in its beauty segment grew 8%. The company’s family care division reported a 4% increase in net sales and its beauty segment raised sales 8%.

About Procter & Gamble Professional
Procter & Gamble Professional is the away-from-home division of Procter & Gamble, serving the food service, building cleaning and maintenance, hospitality, and convenience store industries. For more information, visit www.pgpro.com.