Original title: Benefiting from the pandemic, P&G's profit increased 4% last quarter Source: Caihua
Procter & Gamble made a profit of US$3.85 billion in the second quarter of this fiscal year, an increase of 4%. Demand for home care and cleaning products was high due to the pandemic. The Group raised its annual sales growth forecast for the second time, estimated to reach 5-6%, while raising the core earnings per share growth forecast to 8-10%.
The Group announced that it will use $10 billion to repurchase shares this fiscal year.