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October 30, 2001
By: TOM BRANNA
Editor
The Procter & Gamble Company today said first quarter net sales remained flat at $9.77 billion. Net earnings slipped from $1.16 billion to $1.10 billion, but the total included a $238 million after-tax restructuring charge related to the company’s initiative to streamline its organization structure and business portfolio. Core earnings rose 4% to $1.34 billion. P&G said first quarter results were above consensus expectations and reflects the growing benefits of the company’...
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