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Home Industry News Colgate reveals 7 per cent net income increase

Colgate reveals 7 per cent net income increase

29th January 2009

Colgate’s net income increased seven per cent in the fourth quarter of 2008 to stand at $527.5 million (370 million pounds), it has been announced.

The organisation also noted its diluted earnings per share over the same period were $.94, while its gross profit margin reached 56 per cent.

Chairman, president and chief executive officer of Colgate Ian Cook said the business was “delighted” with the momentum, with organic sales increasing nine per cent.

He continued to note: “Our aggressive cost cutting and increasing efficiency allowed us to raise profit margins on both the operating profit and net profit lines, despite difficult economic conditions worldwide.”

Mr Cook added Colgate’s market share in manual toothbrushes exceeded 30 per cent for the year.

In October, the company reported a worldwide sales growth of 13 per cent to $3,988 million, while its global pricing rose 6.5 per cent.

The organisation was formed in 1806 by William Colgate.

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