April 23, 2019: Procter & Gamble and Coca-Cola reported higher quarterly profits on Tuesday, lifted by premium consumer items at Procter and new beverage offerings at Coca-Cola.
P&G, whose brands include Bounty paper towel and Crest toothpaste, reported profits of $2.7 billion in its fiscal third-quarter, up 9.3 percent from the year-ago period.
Revenues rose 1.1 percent to $16.5 billion.
P&G scored a solid five percent increase in “organic” sales, which strips out foreign exchange effects and divestitures.
(APP)
Posted on: 2019-04-23T18:10:00+05:00
27618
