The last 12 months have not been kind to Procter & Gamble Co (PG) . Its stock value has dropped from the mid 80’s to the early 90’s; owing to the strong dollar, which is affecting the company’s profitability. It earns far less from revenues earned abroad when converted to dollars, so that its competitor Unilever has leaped P&G in terms of its weaker euro that has helped it to earn more profits when converted to its local currency.
The last 12 months have not been kind to Procter & Gamble Co (PG) . Its stock value has dropped from the mid 80’s to the early 90’s; owing to the strong dollar, which is affecting the company’s profitability. It earns far less from revenues earned abroad when converted to dollars, so that its competitor Unilever has leaped P&G in terms of its weaker euro that has helped it to earn more profits when converted to its local currency.
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