P&G Q3 Sales Increase 5% Year-over-Year

[Asia Economy Reporter Chunhee Lee] Procter & Gamble (P&G) announced earnings that exceeded market expectations.

On the 19th (local time), P&G released its third-quarter results for this year. The GAAP third-quarter revenue was $20.338 billion (approximately 23.9683 trillion KRW), surpassing the market forecast of $19.79 billion. This represents a 5% increase compared to $19.318 billion in the same period last year.

Operating profit was $5.023 billion (approximately 5.9196 trillion KRW), and net profit was $4.126 billion (approximately 4.8625 trillion KRW). Accordingly, diluted earnings per share (Diluted EPS) was $1.61 (approximately 1,897 KRW), slightly exceeding the forecast of $1.59.

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