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Colgate-Palmolive 3Q profit rises 18 percent
NEW YORK (AP) - Consumer products maker Colgate-Palmolive says its third-quarter profit rose 18 percent as new products gained market share and shoppers continued to pay higher prices for its products.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The maker of toothpaste, dish soap and Ajax cleanser says it earned $590 million, or $1.12 per share, in the quarter that ended in September.
Revenue rose to $4 billion from $3.99 billion, helped by a 5 percent rise in prices worldwide. Colgate has raised prices to keep up with higher ingredient costs.
Colgate-Palmolive, which is based in New York, also gained market share in its namesake toothpaste in the U.S. and several emerging markets.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
