Colgate reports record third-quarter earnings

Colgate has posted its financial results for the third quarter of 2009, which show that it achieved record earnings during the period.

Its net income reached $590 million (359.8 million pounds), while its diluted earnings per share amounted to $1.12.

Reported worldwide sales were $3,998 million and unit volume was found to have increased by 1.5 per cent.

Ian Cook, chairman, president and chief executive officer of the firm, commented: “We are delighted that our strong momentum continued this quarter with operating profit, net income and earnings per share all increasing double-digit and organic sales growing a healthy seven per cent.”

In July, Colgate was named as the number one dental health company in a report compiled by Research and Markets.

The paper, which also reviewed aspects such as market share, volume segmentation and expenditure, placed Procter and Gamble and Unilever as the second and third most successful oral companies respectively.