NEW YORK, Aug. 3 (Xinhua) -- Procter & Gamble Co., the leading U.S. consumer products maker, said Friday its profit rose 19 percent on sales growth and margin improvement for the April-June quarter.

Net earnings were up 19 percent for both the quarter and fiscal year ended on June 30 to 2.3 billion dollars and 10.3 billion dollars.

Diluted net earnings per share increased 22 percent for the quarter to 67 cents for the quarter. For the fiscal year, diluted net earnings per share were up 15 percent to 3.04 dollars.

Net sales growth of 8 percent for the quarter to 19.3 billion dollars and 12 percent growth for the fiscal year to 76.5 billion dollars.

The impact of Gillette dilution for the fiscal year was an estimated 10 cents to 12 cents per share, slightly better than the company's expectations primarily due to faster than expected cost synergies.

Every segment grew organic sales for the year, led by high-single digit growth in Blades & Razors and Fabric & Home Care and mid-single digit growth in Beauty and Health Care, said the company.

The company also announced a significant increase in its share repurchase plans.

P&G plans to repurchase 24 billion to 30 billion dollars of company shares over the next three years at a rate of 8 billion to 10 billion dollars per year.