P&G Profits Rise but Outlook is Weak

04 May 2006

   CINCINATTI - The consumer and household goods giant Procter & Gamble reported a rise in fiscal third-quarter profit of 37%.
   Earnings rose to $2.21 billion (€1.75bn; £1.26bn), up from $1.61bn a year earlier. Net sales rose 21% to $17.25bn from $14.29bn.
   Its share price fell, however, as it offered a tempered forecast for the rest of this year and 2007, citing a highly competitive landscape and slower-than-expected sales in developing markets, including China.