Original title: P&G's revenue rose 4% last quarter, demand for cleaning products was strong Source: Caihua News Agency

US household goods leader Procter & Gamble (Procter & Gamble) announced that for the fourth quarter ending June 30, profit was 2.8 billion yuan (US dollars, same below), with a loss of 5.2 billion yuan for the same period last year; adjusted profit per share was 1.16 yuan, better than analysts' expectations of 1.01 yuan; revenue rose 4% to 17.7 billion yuan, better than analysts' expectations of 16.97 billion yuan.

Excluding exchange factors, the group disclosed that revenue from internal growth increased 6% last quarter, mainly due to North American and Chinese consumers purchasing additional cleaning products during the COVID-19 pandemic, which contributed to a strong trend in product demand.

David Taylor, CEO of Procter & Gamble, said that business performance reflects the effects of global stay-at-home orders to prevent the spread of the disease. Group management told analysts that demand is expected to remain strong in the coming months, but next year's business situation may be challenging because economic growth may slow.

Looking ahead to 2021 from July, the Group expects overall revenue growth of between 1% and 3%, internal growth revenue of 2% to 4%, and profit growth of between 6% and 10%. The Group expects to keep annual dividends of $8 billion and share repurchase amounts of $6 billion to $8 billion unchanged.

(Credit Network)