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October 29, 2004
By: TOM BRANNA
Procter & Gamble announced a 14% increase in the company’s first quarter earnings, citinggrowth in its developing markets and increased sales in its beauty care and fabric and home caredivisions. P&G earned $2 billion for the three months ended Sept. 30, compared to $1.76 in theyear-earlier period. Sales increased 13% to $13.7 billion. P&G executives said this increase washelped by favorable currency exchange rates against the euro, British pound and Japanese yen.
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