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Colgate-Palmolive quarterly profit falls 6 pct
January 30, 2014 / 12:20 PM / in 4 years

Colgate-Palmolive quarterly profit falls 6 pct

Jan 30 (Reuters) - Colgate-Palmolive Co, the world’s largest toothpaste maker, reported a 6 percent fall in quarterly profit, hurt by a stronger dollar.

The company’s net profit fell to $564 million, or 60 cents per share, in the fourth quarter ended Dec. 31 from $598 million, or 63 cents per share, a year earlier.

Excluding items, Colgate-Palmolive earned 75 cents per share.

The company’s sales rose 2 percent to $4.36 billion. Organic sales, which strip out the impact of acquisitions, divestitures and foreign exchange, increased 6.5 percent.

Colgate-Palmolive said foreign exchange fluctuations hurt sales by 4.5 percent.

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