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Home Industry News Colgate-Palmolive continues strong performance in Q3 2013

Colgate-Palmolive continues strong performance in Q3 2013

25th October 2013

Colgate-Palmolive has announced its financial results for the third quarter of 2013, during which it once again experienced strong organic sales growth.

Worldwide net sales for the company came to $4.4 billion (2.72 billion pounds), an increase of 1.5 percent year on year, while its organic sales growth was recorded at six percent.

The firm continued to command leading shares of the global market for toothpaste and manual toothbrushes at 45 percent and 33.4 percent respectively, while its share of the mouthwash category reached a record high of 16.8 percent for the year to date.

Advertising investment also increased when compared to 2012, with higher levels of commercial investment planned later this year to help support its well-stocked pipeline of new products worldwide.

Ian Cook, chairman, president and chief executive officer, said: "For the tenth consecutive quarter, operating profit, net income and diluted earnings per share all increased versus the year ago period."

This comes after the firm was recently included in the 2013-2014 Dow Jones Sustainability World and North America Indices, as well as the latest Climate Disclosure Leadership Index from CDP, recognising its commitment to environmental excellence.ADNFCR-8000103-ID-801653804-ADNFCR

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