US food and consumer products giant Procter & Gamble has posted a rise in quarterly profit, helped by new products and the weak dollar.

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P&G, which makes Pringles crisps, reported net income of US$955m for the fourth quarter to 30 June, compared to $910m a year earlier.

Sales rose 7% to $10.92bn. The company said the weak value of the dollar compared to other currencies boosted sales by 4%.

Sales volume, which excludes price and currency changes, rose 5%, helped by strong growth in Asia and Central and Eastern Europe.

Profit before restructuring items was $1.22bn, or 87 cents a share, for the quarter, compared to $1.09bn, or 77 cents a share, a year earlier. Analysts’ had been expecting 86 cents a share, reported Reuters.

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Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

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