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International Business Times

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AFP News

P&G Reports Mixed Earnings, Higher Prices Boost Revenue

Consumer goods company P&G reported a three percent rise in revenue in the second quarter, slightly lower than analysts expected (Credit: AFP)

Consumer goods giant Procter & Gamble painted a mixed picture in its earnings report Tuesday, as price hikes supported revenue growth but customers appeared to pull back in some purchases.

The company behind Bounty paper towels, Gillette razors and Tide detergent saw its revenue rise three percent from a year ago to $21.4 billion in the quarter ending in December.

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