P&G annual earnings up 20%

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Procter & Gamble Co. said it achieved record net earnings of $2.65 billion for the fiscal year ended June 30, an increase of 20% over the previous year. Net sales for the year were $33.43 billion, an increase of 10%. "We built or maintained market share in nearly three-fourths of P&G global categories in 1994/95," said P&G chairman-CEO John E. Pepper. "Our consumer value and globalization strategies are working, and we'll continue to pursue them aggressively."

Copyright August 1995 Crain Communications Inc.

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