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P&G Reports a Loss in the Fourth Quarter

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By: TOM BRANNA

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The Procter & Gamble Company today reported a net loss for the quarter of $320 million or -$0.23 per share due to a $1.16 billion after-tax restructuring charge taken as part of the company’s efforts to streamline its organization structure and business portfolio. Although unit volume grew 3% in the quarter, sales fell 1% to $9.58 billion.For the fiscal year, net sales were $39.24 billion. Exchange impacts reduced sales by more than 3%, according to P&G. Excluding these effects, ...

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