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Home Industry News Colgate-Palmolive maintains growth in second quarter

Colgate-Palmolive maintains growth in second quarter

26th July 2013

Colgate-Palmolive has announced its financial results for the second quarter of 2013, during which its global sales advanced by two percent year on year.

The company's net sales total came to $4.35 billion for the three-month period, bolstered by a four percent rise in global unit volumes and a one percent pricing increase, which helped to offset the negative impact of foreign exchange rate fluctuations.

All operating divisions achieved positive unit volume growth, with emerging markets performing particularly well, while the firm's global market shares in toothpaste and manual toothbrushes are both at record highs for the year to date.

Advertising spending also increased during the quarter and will rise again in the coming months as Colgate plans to introduce several important new products worldwide.

Ian Cook, chairman, president and chief executive officer of Colgate, said: "For the fifth consecutive quarter, gross profit margin, operating profit margin and net income as a percent of sales all increased versus the year-ago period."

Colgate-Palmolive was founded in 1806 and is now a widely-recognised global brand, with products sold in more than 200 countries.ADNFCR-8000103-ID-801617296-ADNFCR

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