US-based Proctor & Gamble has announced a net sales growth of 9% to US$21.6bn for the second quarter due in part to organic growth in developing regions.

Net earnings grew 14% to US$3.3bn with earnings per share increasing to 17% to US$0.89 for the quarter.

AG Lafley, chairman of the board and CEO for Proctor & Gamble, said: "Solid topline growth and a sharp focus on cost control are driving strong profit and cash generation."

The consumer goods company, whose food brands include Pringles crisps, saw net sales for their snacks, coffee and pet care sector increase 4% to US$1.3bn.

Proctor & Gamble has announced plans to create an independent coffee company called The Folgers Coffee Company based in Cincinnati.