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Colgate profits rise on lower costs despite fall in sales

By Simon Pitman, 30-Jul-2009  www.cosmeticsdesign.com

Lower costs boost second quarter profits for soap and toothpaste maker Colgate-Palmolive, despite the fact that global sales fell on the strength of the dollar.

Net earnings rose by 14 percent to $561.6m, a figure that was boosted by the fact that it had been hit by significant restructuring charges in the corresponding period last year.

via Colgate profits rise on lower costs despite fall in sales.

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This entry was posted on Friday, July 31st, 2009 at 9:33 am and is filed under Business News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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