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P&G profits rise despite hit from Middle East tensions

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Procter & Gamble reported higher profits Friday, citing strong demand in the United States and many European markets that offset weakness elsewhere due to Middle East tensions and a lackluster performance in China. Chief Financial Officer Andre Schulten described consumption as 'very strong' in the United States and in leading European markets.

Procter & Gamble, which owns Bounty and other leading consumer brands, reported higher profits on strong demand in the United States and much of Europe. Photo: MARIO TAMA / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/FileProcter & Gamble reported higher profits Friday, citing strong demand in the United States and many European markets that offset weakness elsewhere due to Middle East tensions and a lackluster performance in China.

Chief Financial Officer Andre Schulten described consumption as"very strong" in the United States and in leading European markets.

Source: Financial Digest (financialdigest.net)

 

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