Procter & Gamble's net income falls 2 percent
Procter & Gamble Co. said Thursday net income fell 2 percent in the fiscal first quarter, a sign that the consumer-goods giant is battling higher costs.
Premium Brands Income Fund, a Vancouver-based producer and distributor of meats and other specialty food products, says its first quarter net profits fell to $2.1 million from $3.4 million a year earlier but revenues rose more than 10 per cent.