By  on October 20, 2017

Procter & Gamble is focused on China.

For the first quarter of fiscal 2018, organic sales in the region were up 8 percent. E-commerce was up 60 percent — that part of the business is more than $1 billion; sales at Olay increased in the mid-teens, and sales at SK-II increased 40 percent, according to P&G executives. For the year, P&G is projecting sales in the region to grow in the mid-single digits. Six of seven categories P&G sells in China saw improvements in the quarter, according to P&G chief financial officer Jon Moeller, who broadcasted the company’s earnings call from Guangzhou, China.

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