Manufacturing Industry
Record results for Colgate-Palmolive but unit volume is flat.
Cosmetics International, December, 1993
Colgate-Palmolive Co achieved record net income and gross profit margins for the 2nd qtr of FY 1993/94. This reflects the consumer products group's continued focus on improving efficiencies, streamlining management and manufacturing, and orienting its product mix towards high profit margin items. Colgate-Palmolive's highest growth area is the oral and personal care segment, where sales were up 18% and 46%, respectively. The company has a truly global management perspective and virtually dominates the market in South America and Asia. Eastern Europe has become very important to the company, also.
The US consumer products group, Colgate-Palmolive, reported a 14 per cent increase in second quarter earnings despite weak economic conditions in most of its developed world...
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