The Procter & Gamble Company (P&G) delivered 4 percent sales growth to USD22.1 billion for the October – December quarter, the company announced on Friday.

Growth was driven by higher volume and pricing actions, partially offset by geographic and product mix. The company continued to deliver broad-based organic sales growth, with all six business segments up versus the prior year.

Core net earnings per share decreased 3 percent to USD1.10. The benefits from solid sales growth and cost savings were more than offset by higher commodity costs.

Diluted net earnings per share were USD0.57 per share, down 49 percent primarily due to non-core charges of USD0.53 per share. The non-core charges included a one-time USD0.50 per share non-cash impairment charge associated with the Appliances and Salon Professional businesses.

Operating cash flow was USD3.3 billion for the quarter.

P&G expects net sales for fiscal 2012 to increase 3-4 percent. Organic sales are expected to increase four to five percent. Foreign exchange is expected to reduce net sales by 1 percent for the year. Pricing is expected to add 4 percent to sales while unfavorable product and geographic mix is expected to reduce sales by 1-2 percent.