Reuters logo
2 年前
Colgate-Palmolive posts 7.6 pct drop in 4th-qtr sales
2016年1月29日 / 中午12点06分 / 2 年前

Colgate-Palmolive posts 7.6 pct drop in 4th-qtr sales

Jan 29 (Reuters) - Colgate-Palmolive Co, the world's largest toothpaste maker, reported a 7.6 percent fall in quarterly sales as a strong dollar once again trimmed the value of sales from outside the United States and demand weakened in Latin America.

The company reported a loss of $458 million, or 51 cents per share in the fourth quarter ended Dec. 31, compared with a profit of $628 million, or 68 cents per share, a year earlier.

The company took a $1.08 billion charge related to a change the way it accounts for its business in Venezuela.

Sales fell 12 percent in Latin America, its biggest market by revenue.

Colgate, which gets more than three-fourths of its revenue from outside the United States, said total sales fell to $3.90 billion from $4.22 billion. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below