Agence France-PresseApril 23, 2014 10:06
Consumer goods giant Procter & Gamble Wednesday notched a modest increase in profits as it contends with a lackluster economy and tough pricing pressure from competitors.
Earnings came in $2.6 billion, up 1.7 percent from the prior year.
"P&G's third quarter results came in as we had expected," said chief executive A.G. Lafley.
"We're operating in a slow-growth, highly competitive environment, which places even greater importance on strong innovation and productivity improvement."