Colgate Q2 profits up 9.5%

Colgate-Palmolive has reported worldwide net sales of $4.2 billion in the second fiscal quarter of 2011 (end-June 30), an increase of 9.5% over net sales of $3.8 billion in the second quarter of 2010.

Net income for the quarter was $622 million, up from $603 million in the same quarter a year ago.

Colgate's global market shares in toothpaste and manual toothbrushes hit record highs, according to the company.

"Colgate's global market shares in toothpaste and manual toothbrushes are both at record highs year to date," stated Ian Cook, chairman, president, and CEO, in a press release. "Colgate's share of the global toothpaste market strengthened to 44.6% year to date, up 0.4 share points versus year ago. Our global leadership in manual toothbrushes also strengthened during the quarter with Colgate's global market share in that category reaching 31.9% year to date, up 0.7 share points versus year ago."

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