Colgate-Palmolive Q4 profit up nearly 20%

Colgate-Palmolive Q4 profit up nearly 20%
AP
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First Published: Thu, Jan 29 2009. 06 02 PM IST
Updated: Thu, Jan 29 2009. 06 02 PM IST
New York: Consumer products company Colgate-Palmolive says its fourth-quarter (Q4) profit jumped nearly 20%, helped by cost-cutting, higher prices and new products.
Profit rose to $497 million, or 94 cents per share, from $414.9 million, or 77 cents per share, in 2008.
Excluding restructuring charges, Colgate-Palmolive posted a profit of $527.5 million, or $1 per share, in the most recent quarter.
Sales rose to $3.66 billion from $3.64 billion a year ago.
Analysts expected a profit of 98 cents per share and sales of $3.69 billion.
Chief executive Ian Cook says cost-cutting and new products helped results during the quarter, despite a tough economy.
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First Published: Thu, Jan 29 2009. 06 02 PM IST