Colgate-Palmolive released their economic results.

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Colgate-Palmolive Company (NYSE-CL) has recently released their economic results for the third quarter of the year 2018, which outperformed the analysts’ expectations. Despite a small decrease in revenue, the economic results for the third quarter of 2018 have been good, as the company managed to cope with the trend of a significant competition in China. Colgate-Palmolive’s net sales managed to hit the mark of 3.845 billion USD. Revenue of the sector in skincare increased by 1.5%, which was however offset by 0.5% decrease in revenues from organic products. Management had to say this to the medias: “While the price environment is still difficult to handle due to the competition, we are happy that we managed to set acceptable prices in this quarter, which managed to partially compensate for the increased costs in terms of logistics and raw inputs. The company also expects a strong last quarter of 2018, which will reflect the revenue typical for the Christmas holidays.” These facts have caught the interest of the investors what in turn increased the interest in the stocks of the company (NYSE-CL), which were valued at 63,08 USD on 4th of December 2018.

Colgate-Palmolive Company (NYSE-CL) was founded 217 years ago in 1806 and they are headquartered in the midtown Manhattan, NYC in the US. Company focuses on two product segments: that of self-care and cleaning products. Colgate-Palmolive sells a whole array of products related to hygiene, such as toothpastes, toothbrushes, shampoos, deodorants, liquid soaps or things related to cleaning, such as dish soaps, detergents or even food for dogs and cats. Sectors focusing in mouth hygiene and house cleaning are sold on 5 continents: South and North America, Europe, Asia and Africa.

The CEO of Colgate-Palmolive Company (NYSE-CL), Ian M. Cook, in regard to the economic results, said: “The third quarter was difficult, because the growth rate has fallen. Revenues decreased by 3% and sales of organic products fell by 0.5%, mostly because the Brazilian market and decrease in our resources in China. Company has also increased their spending in marketing compared to the same quarter of the previous year, to introduce their new products. Company has had a total turnover of 15.454 billion USD in the fiscal year of 2017, with operating profit of 3.589 billion USD. After the deduction of all the taxes and other expenses, the net profit equaled 2.024 billion USD. Total assets of the company equaled 12.676 billion USD. Colgate-Palmolive has 35,900 employees.”

Colgate-Palmolive (NYSE-CL) currently pays out regular quarterly dividends to its shareholders. Dividend yield is currently 2.66% p.a. and they were evaluated at 1.68 USD per share, agreed upon by the director’s board of the company. Colgate-Palmolive (NYSE-CL) is currently very favored among private investors and international corporations when buying stocks, mostly because of its released results for the third quarter of 2018 and expected strong last quarter of 2018, based on the typical revenue increase during Christmas holidays. Based on the predictions of market analysts, we can expect price of the stock increase in a short-term and mid-term time horizon, with the goal price being predicted at 72.00 USD per share.

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