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August 31, 2012
By: TOM BRANNA
Editor
Procter & Gamble’s Net Income Soars in Q4 • Procter & Gamble Co. reported fourth quarter net income far above Wall Street’s expectations. Net income jumped 74% to $3.63 billion, as revenue fell 1.2% to $20.2 billion. “We enter fiscal 2013 with very strong developing market momentum, strengthened plans on our core developed market business, and with the benefit of a $10 billion cost savings program, which is well underway,” said chairman, president and CEO Bob McDonald. “Despite a...
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