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P&G Q2 sales drop 8.5% on strong dollar

Tuesday, January 26, 2016 - 20:38

[NEW YORK] Procter & Gamble Co reported an 8.5 per cent drop in quarterly sales, hurt by a stronger dollar.

Net earnings attributable to the company rose to US$3.21 billion, or $1.12 per share, in the second quarter ended Dec 31, from US$2.37 billion, or 82 cents per share, a year earlier.

Revenue fell to US$16.92 billion from US$18.50 billion.


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