P&G net sales top $84.2bn

Published: 2-Aug-2013
Finance

Full year results in line with expectations


Procter & Gamble (P&G) has announced net sales of $84.2bn for the fiscal year 2013, up just 1% on the previous year. Organic sales grew 3% in the same period. The results were in line with objectives, according to Chairman, President and CEO, A G Lafley.

Core earnings per share was recorded at $0.79 for the April – June quarter, while net earnings per share for the year were £3.86, up 24% on the previous year.

Looking ahead, the company has said it expects organic sales growth to remain around 3%-4% for 2014, with sales growth pitched at 1%-2%.

“The Company met its objectives for the fourth quarter and fiscal year and we will build on these results in fiscal 2014,” commented Lafley.

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