USA: P&G delivers improved core operating earnings
The Procter & Gamble Company announced it delivered first quarter results above consensus expectations. This performance reflects the growing benefits of the company's focus on building core brands and delivering its restructuring savings commitments. For the quarter ended September 30, 2001, unit volume grew two percent versus the prior year, excluding the one percent impact of divestitures. Net sales were $9.77 billion, flat versus year-ago after adjusting for a two percent negative exchange impact.
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