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Innovative toothpaste and body wash launches boost Q2 earnings.
July 29, 2010
By: TOM BRANNA
Editor
Colgate-Palmolive Company posted record operating profit and net income for the second quarter 2010, according to the company. Worldwide sales rose 2% to $3.8 billion and volume increased 3%. Net income increased 7% in second quarter 2010 to $603 million. Operating profit also jumped 7% to $948 million. North American sales grew 4.5% in the second quarter. Operating profit for the region increased 14% during the quarter due to higher sales, higher gross profit margins and cost-savings init...
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