Colgate-Palmolive third quarter profit rises
Colgate-Palmolive’s net income rose four per cent in the third quarter, the consumer products company said, citing higher prices, cost controls and strong sales in emerging markets.
n
There was encouraging signs in developed markets as well, where sales had lagged for more than a year.
n
However, like other companies in the consumer field, quarterly gross profit margin was pressured by increased raw and packaging material costs. Colgate-Palmolive expects full-year gross profit margin to fall this year.
n
Advertisement: Story continues below
n
The New York company stuck to its earnings per share forecast for the year, and says there will be a double-digit percentage jump in per-share earnings next year. Sydney Morning Herald – Read more…
Recent Posts
