Procter & Gamble reports increase in fourth quarter sales

Procter & Gamble ended its fourth quarter of the fiscal year with net sales of US$18.9 billion, an increase of 5% over the previous year.
Overall sales for fiscal year 2010 grew by 3% to US$78.9 billion. Growth was recorded in the snacks and pet care segments, where net sales increased by 1% to US$3.1 billion. As a result of the higher net sales, increased margins and a lower tax rate, net earnings in the snacks and pet care segments also rose to US$326 million.