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P&G Q2 sales drop 8.5 pct on strong dollar
January 26, 2016 / 12:08 PM / 2 years ago

P&G Q2 sales drop 8.5 pct on strong dollar

Jan 26 (Reuters) - Procter & Gamble Co reported an 8.5 percent drop in quarterly sales, hurt by a stronger dollar.

Net earnings attributable to the company rose to $3.21 billion, or $1.12 per share, in the second quarter ended Dec. 31, from $2.37 billion, or 82 cents per share, a year earlier.

Revenue fell to $16.92 billion from $18.50 billion. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Shounak Dasgupta)

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