P&G Hygiene Q1 Profit Drops 34%

Procter & Gamble Hygiene and Health Care Ltd reported a big drop in profit for the first three months of the year.

Their profit went down by 34% compared to the same time last year.

This means they made less money, which also made their stock price go down by 5%.

The company said this happened because the cost of things they need to make their products went up, and there were some problems in the world that made it harder to do business.

They also spent more money on things like raw materials and other supplies.

Overall, it was a tough quarter for the company.