Procter and Gamble market share increases in final three months of 2012

Friday 25 January 2013 23.32
P&G's brands include Tide, Pampers and Oral-B
P&G's brands include Tide, Pampers and Oral-B

Procter & Gamble said its net income more than doubled in the final three months of last year.

The world's biggest consumer products maker has boosted its profit outlook as its market share recovers.

From October to December the company earned $4.06 billion, up from $1.69 billion, in the same quarter last year. Its revenue increased 2% to $22.18 billion.

P&G's Irish operations include the manufacture and distribution of personal care, oral care, health and beauty products.

It operates two manufacturing plants in Ireland at Nenagh and Newbridge.

The firm’s product portfolio includes Oral-B toothbrushes, Braun ethanol cartridges and Max Factor cosmetics.

Numbers employed by the firm in the past two years increased by 172 up to 670, with the firm’s Nenagh plant becoming the group’s strategic hub for the company’s European Colour Cosmetics production.

The company said it held or increased its market share in businesses representing nearly 50% of the recent quarter's sales. In the US market, that figure increased to 60%

P&G brands include Tide and Pampers, Oral-B toothbrushes, Braun ethanol cartridges, and Max Factor cosmetics.

Keywords: procter, gamble