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Colgate Profit

September 8, 2006

Colgate-Palmolive Co. posted a better-than-expected second quarter profit, driven by strong sales of its namesake toothpaste and higher prices on household products. The company said it still expects double-digit growth in earnings per share this year, excluding charges for restructuring and stock compensation.
For the second quarter, net profit fell to $283.6 million, including $115.9 million in restructuring charges, compared with $342.9 million a year earlier.
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