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Net income jumps 20%, worldwide 4Q sales reported at $3.7B
January 29, 2009
By: TOM BRANNA
Editor
Colgate-Palmolive Company reported a 20% increase in net income to $497 million in fourth quarter 2008, as compared to the prior year. According to the company, fourth quarter 2008 results include $30.5 million of aftertax charges related to the 2004 Restructuring Program. The year ago quarter included restructuring charges of $75.8 million. Worldwide sales grew 0.5% during the fourth quarter to a record $3.7 billion. Operating profit as reported increased 13% to $761.6 million. Ian Cook,...
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