Company Records Profit of US$ 3.7B

Procter & Gamble (P&G) posted an average profit of $3.71 billion in the second fiscal quarter of 2019, which ended December last year. Growth was 16%. In the period, the company's revenue totaled US$ 18.24 billion, an increase of 5% compared to the same period of the previous fiscal year. The cost of products sold fell 1 percent to $8.86 billion. Operating cash flow in the second quarter reached $4.48 billion, up 15 percent. In the period, $1.9 billion in dividends were paid. For fiscal year 2020, the company projects a rise of between 4% and 5%.