Colgate profit falls 17 pct as demand falls in Brazil, China
Oct 24 (Reuters) - Colgate-Palmolive Co reported a 17 percent fall in third-quarter profit, hurt by weak demand in Brazil and China and a stronger U.S. dollar.
The company, which controls nearly 45 percent of the global toothpaste market, said net income fell to $542 million, or 59 cents per share, in the quarter ended Sept. 30, from $656 million, or 70 cents per share, a year earlier.
Worldwide net sales fell marginally to $4.38 billion. (Reporting by Devika Krishna Kumar in Bangalore; Editing by Don Sebastian)
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