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Strong Second Quarter at Colgate

Global sales jump 16.5%, net income up 19%

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By: TOM BRANNA

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Colgate-Palmolive Company posted a rise in worldwide sales with higher than expected earnings growth for second quarter 2008. Global sales grew 16.5% to $3.96 billion. Gross profit margin was almost stable at 56.5% from 56.0% a year prior. Operating profit as reported increased 17% to $767 million. Reported net income rose 19% to $493.8 million....

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