Colgate Q4 results exceed expectations

Published: 30-Jan-2009

Colgate-Palmolive Company has reported a net income of $497m, for the fourth quarter 2008, an increase of 7% on its fourth quarter 2007 net income of $414.9m. Healthy sales growth of 1.5% in North America and 5.5% in Latin America helped compensate for a 13% decline in sales in Europe.


Colgate-Palmolive Company has reported a net income of $497m, for the fourth quarter 2008, an increase of 7% on its fourth quarter 2007 net income of $414.9m. Healthy sales growth of 1.5% in North America and 5.5% in Latin America helped compensate for a 13% decline in sales in Europe.

According to chairman Ian Cook, the benefits of “easing commodity and oil prices” combined with higher pricing and the company’s “ongoing aggressive savings programmes” will help Colgate-Palmolive in the face of global economic slowdown. “We are comfortable with external profit expectations for the first quarter and full year 2009,” he concluded.

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