P&G has high of 14% in net income

The manufacturer Procter & Gamble (P&G) showed increased net profit of 14% in the fourth fiscal quarter (ended June), for $ $2.2 billion-compared with the previous period. The company recorded revenues of US $ $16.1 billion, a result stable. In the fiscal year, consolidated profit advanced 45%, to $ $15.3 billion and the revenue (0.4%) with fall, to $ $65 billion. According to P&G, the profit was benefited by the decrease in the cost of goods sold (1%) and General and administrative expenses (7%).