The Company Behind Ariel and Pampers Sells More Cleaning Products
Procter & Gamble (P&G), the parent company of brands such as Pampers, Ariel, Dreft, Braun and Gillette, posted higher sales and profits in the quarter.
The American concern owes this, among other things, to increased sales of cleaning products for in and around the house in connection with the corona crisis.
But sales also increased in the other personal care and beauty divisions.
Sales in the first quarter of the broken fiscal year rose 9 percent year-on-year to $ 19.3 billion. Net profit of nearly $ 4.3 billion was posted, an increase of 19 percent from a year earlier.
The most substantial growth was attributable to the division that deals with detergents, air purifiers and cleaning products.
P&G indicated that it was revising its expectations for the entire current financial year upwards.