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Colgate Reveals 3Q Sales Figures

...and a 4-year growth and efficiency plan that cuts 6% of workforce.

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By: TOM BRANNA

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Colgate-Palmolive Company reported that net sales were $4.33 billion in third quarter of 2012, a decrease of 1% versus third quarter 2011. Global unit volume grew 2%, pricing increased 3.0% and foreign exchange was negative 6.0%. Organic sales (net sales excluding foreign exchange, acquisitions and divestments) grew 5%. Net income in third quarter 2012 were $654 million compared to net income in third quarter 2011 of $643 million of aftertax charges resulting from the implementation of the ...

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