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P&G Q2 Profit Up 146%, Sales Down 0.3%

Procter & Gamble reported a $7.9 billion second-quarter profit Friday, a 146% increase from the same period a year ago. Two-thirds of P&G's profit total, about $5.3 billion worth, came from the divestiture of beauty brands. Total sales declined 0.3% to nearly $16.9 billion.

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