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Acquisition Proves Fruitful for Colgate-Palmolive

Q2 report shows rise in net sales and more.

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By: TOM BRANNA

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Net sales rose 9.5% to $4.2 million for the second quarter 2011 at Colgate-Palmolive Company. Global unit volume grew 3.0%, pricing increased 0.5% and foreign exchange was positive 6.0%. Net income increased 3% to $622 million, while operating profit increased 2% to $968 million in second quarter 2011. As previously announced, as part of its strategy to focus on its higher-margin oral care, personal care and pet nutrition businesses, on June 20, 2011 Colgate completed the purchase of the ...

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