Colgate-Palmolive Posts Record Sales, Profit for First Quarter

Colgate-Palmolive Co. on Monday reported record first-quarter sales and net income, reflecting its increased profitability and stronger volume growth.

The consumer products giant said profits jumped 25% to $113.8 million, or 74 cents a share, compared to $91.3 million, or 65 cents a share, a year earlier. Revenue advanced nearly 10% to $1.6 billion from $1.46 billion in the 1991 first quarter.