Monday, January 30, 2017

4th quarter of 2016-Colgate-Palmolive Registers profit of $606 Mi

Colgate-Palmolive reported, by means of communication, which reported net income of $606 million drivers in the fourth quarter of 2016, reversing a loss of $458 million in the same range as the previous year. According to the company, the result is due to efficiency gains results of a restructuring program begun in 2012 and based on weak comparison. In the fourth quarter of 2016, the company registered a fall of 4.5% in net revenue to $3.72 billion. Already the sales volume fell 5.5% and prices have increased, on average, 2.5%. The American multinational reported that the exchange rate for the quarter held a negative impact of 1.5% in the recipe. In the year 2016, overall revenue fell 5% to $15.19 billion. Net income was $2.44 billion, up 76.4% compared to the result of 2015.
Giro News - 30/01/2017
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