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Home Industry News Colgate “very pleased” with profitability

Colgate “very pleased” with profitability

4th August 2009

Colgate is “very pleased” that its profitability was strong in the second quarter of 2009, its chairman, president and chief executive has said.

Ian Cook made his comments as the firm posted its financial results for the second three-month period of this year.

The company’s gross profit margin increased to 58.8 per cent during the quarter, from 56.5 per cent in the same period last year.

Meanwhile, organic sales – excluding foreign exchange, divestments and acquisitions – rose by six per cent and global pricing increased by 7.5 per cent.

Commenting on the results, excluding restructuring charges, Mr Cook said: “Given continued worldwide economic difficulties, we are very pleased that profitability was strong with gross profit margin, operating profit margin and net income as a per cent to sales all increasing to record levels.”

Last month, Colgate’s board of directors announced quarterly cash dividends of 44 cents (25p) per common share.

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