P&G Q4 net profit falls 80%, stock down 0.61%

MUMBAI: Procter & Gamble Hygiene and Health Care Ltd on Thursday reported earnings for the fourth quarter and year ended June 30, 2010. The company’s net profit for the quarter was Rs 10.10 crore, lower by nearly 80 per cent from Rs 47.77 crore for the quarter ended June 2009. Net sales stood at Rs 197.85 crore, higher by 9.25 per cent from Rs 181.10 crore for the corresponding quarter of 2009.

The company’s standalone net profit for the year ended June 2010 was Rs 179.76 crore, slightly higher from Rs 178.85 crore for the year ended June 2009. Net sales was at Rs 902.87 crore, up 17 per cent compared to Rs 772.81 crore for the previous year.

The board has recommended a dividend of Rs 22.50 per equity share for the year ended June 30, 2010.

At 2:34 PM, P&G shares were lower by 0.61 per cent at Rs 2,200 on BSE.