Procter & Gamble Co. announced net sales growth of 10%

Net earnings were up 33 percent for the quarter to $3.0 billion and 17 percent for the fiscal year to $12.1 billion.

Diluted net earnings per share increased 37 percent for the
quarter to $0.92 and 20 percent to $3.64 for the fiscal year. The
quarter and fiscal year included net tax benefits of $0.12 and $0.14
respectively, due to a number of significant adjustments to tax
reserves in the U.S. and other countries. Quality of earnings growth
was strong as operating profit increased 13 percent for the quarter
and 11 percent for the fiscal year behind sales growth and operating
margin improvement. Operating margin was up due to overhead
productivity improvements and increased pricing, which combined, more
than offset a significant increase in commodity and energy costs.