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International Business Times
International Business Times
Business
AFP News

P&G Profits Dip, Says China Recovery Will Take Time

China Andre Schulten PG Procter &Gamble
While the US market continues to be a winner for Bounty paper towel producer Procter & Gamble, the company cautioned that a recovery in China will take time (Credit: AFP)

Procter & Gamble reported a decline in profits on slightly lower sales Friday as the company said a recovery in China was still a number of quarters away.

The producer of Tide detergent and Crest toothpaste, P&G reported mixed sales across its five product categories, with health care growing the most and beauty declining the most.

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