Colgate reveals fourth-quarter financial results

Colgate this week posted its financial results for the final quarter of last year, revealing a record reported net income of $631 million (393.7 million pounds).

This is compared to the $497 million recorded during the same period of 2008, the firm highlighted.

Additionally, worldwide sales stood at $4,081 million – a year-on-year rise of 11.5 per cent – while unit volume increased by three per cent.

Operating profit was declared to be $991 million for the timeframe – compared to $777 million in the fourth quarter of 2008.

Ian Cook, chairman, president and chief executive officer of Colgate, said: “We are delighted to have finished the year so strongly with fourth quarter operating profit, net income and earnings per share all increasing double-digit.”

He also welcomed the news that its global market shares in toothpaste and manual toothbrushes ended the year on record highs.

In related news, Colgate has teamed up with the British Heart Foundation to promote the Healthy Heart Month campaign, which runs throughout February.