Procter and Gamble unveils financial results for final quarter of 2009
11 February 2010 00:00 in Dental Supplier News
Procter and Gamble, manufacturer of the Crest and Oral B brands, has published its financial results for the final quarter of 2009.
Its net sales underwent growth of six per cent to $21 billion (13.4 billion pounds), while organic sales grew in line with previous forecasts, at five per cent.
The group revealed that net earnings within its oral care division also increased by eight per cent in Europe, Latin America and Asia during the period, standing at a total of $534 million.
Chairman of the board, president and chief executive officer of Procter and Gamble Bob McDonald said: "Our investments in innovation, portfolio expansion, marketing support and consumer value are working. We continue to drive simplification and leverage our scale to create cost advantages and accelerate growth."
Earlier this week, Procter and Gamble announced that it is sponsoring the Dental Summary Review in a bid to offer dentists some guidance on which materials may be the best quality and most useful for their needs.
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