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Business Moves Prove Smart at Colgate

Sanex acquisition, detergent sale add to Q3 gains.

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By: TOM BRANNA

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Colgate-Palmolive Company reported worldwide net sales increased 11% to $4.4 billion in third quarter 2011. Operating profit increased 8% to $1.0 billion, while net income rose 4% to $643 million. Global unit volume grew 4.5%, pricing increased 2.0% and foreign exchange was positive 4.5%. According to the company, the Sanex acquisition contributed 2.0% to sales and volume growth. As previously announced, consistent with the company’s focused business strategy, it sold its laundry detergen...

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