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January 31, 2002
By: TOM BRANNA
Editor
The Procter & Gamble Co., Cincinnati, OH, said net income for the second quarter ended Dec. 31 rose 9%. Sales rose 2% to $10.4 billion, supported by launches of Crest Whitestrips and other beauty care products. This was the first sales increase the company has posted in more than a year and is largely the result of job cuts, the elimination of smaller or underperforming brands and other cost-saving measures, executives said.The maker of Folgers coffee, Crest toothpaste and Pampers diapers p...
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