Procter & Gamble (P&G), parent company of Procter & Gamble Professional, has reported a fiscal-second-quarter profit of US$3.21 billion, or $1.12 per share, up 35 percent from $2.37 billion, or $0.82 per share, a year earlier.
The company’s second-quarter revenue decreased 9 percent from the previous year to $16.9 billion due primarily to the impact of foreign exchange rates. According to P&G CEO David Taylor, the company’s increased profitability was due to continued cost-cutting measures over the past 12 months.
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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.