P&G's profit falls in the second fiscal quarter

The American manufacturer of consumer goods P&G (Procter Gamble &) recorded net income attributable to $2.56 billion-dollar controllers in the second fiscal quarter ended December 2017, retraction of 68% when compared to the same period in 2016. Net sales rose 3 percent on the same basis of comparison, to $ $17.39 billion.
In a document sent to the market, the Chief Executive David Taylor said the company has accelerated the organic sales growth, was able to reduce production costs and generated in the period, which totaled $ $3.7 billion. "We remain on track to achieve the goals of the fiscal year," said the Executive.
From September to December last year, the net profit was steady at continued operations $ $2.56 billion. The cost of goods sold increased by 4%, to $ $8.66 billion, a gross profit of $ $8.72 billion — high of 2% on annual basis — and an operating profit of $ $4 billion, 3% advance.
Organic sales in the beauty segment increased 9% in comparison with the same range of the previous fiscal year. In the category of skin and personal care, there were 4% advance, supported by Oral-B brand products.
The Division of babies, female and family 1% organic sales dropped compared to the previous year, and in products for babies there was a middle digit drop due to the competitiveness of the market and reducing inventories. Female in the expansion was a middle digit, helped by the mark Always.
The owner of brands such as Ariel, Pantene, Pampers and Gillette kept the projection of organic growth in sales of 2% to 3% in fiscal 2018. The P&G estimates that total sales will increase 3%. The forecast of earnings per share for the fiscal year 2018 was elevated to 5% to 7% to the range of 5% to 8% compared to $ $3.92 the previous fiscal year.