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Article: Colgate Announces 16% Increase in Second Quarter Earnings.
- Article from:
- Business Wire
- Article date:
- July 23, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--July 23, 1998--Colgate-Palmolive Company (NYSE:CL) net income increased 16 percent in the second quarter to $203.5 million, on significantly improved profitability. Basic earnings per share also rose 16 percent, to $.67 per share vs. $.58 in 1997. Strong increases in operating profits at Colgate-North America, Colgate-Latin America and Colgate-Europe more than offset the expected profit decline in Asia/Africa, which is smaller than the three other Colgate regions.
Global unit volume increased 3.5 percent in the second quarter, a strong performance on top of the year-ago quarter's 9 percent worldwide volume growth rate. The largest ...