Colgate-Palmolive third quarter profit rises

 In Australia, NewZealand

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.

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

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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…
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