P&G profits dip, says China recovery will take time …C0NTINUE READING HERE >>>
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.
Photo: MARIO TAMA / GETTY IMAGES NORTH AMERICA/Getty Images via AFP
Source: 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.
Profits were $4.0…
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