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P&G FOURTH QUARTER SALES INCREASE 1.9% TO $7.5 BIL.

This article was originally published in The Rose Sheet

Executive Summary

P&G FOURTH QUARTER SALES INCREASE 1.9% TO $7.5 BIL., the company said in an Aug. 10 statement of sales and earnings for the quarter ended June 30. Procter & Gamble said that sales would have advanced 4% without the impact of exchange rates and lower pricing. Fourth quarter earnings were $406 mil., compared to a loss of $1.2 bil. in the prior-year period. Omitting the effects of restructuring reserves in fiscal 1993, earnings would have advanced 24%, the company stated.
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