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.
There was encouraging signs in developed markets as well, where sales had lagged for more than a year.
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.
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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…