Financial Roundup

22 October 2004

Latest results from major marketers, agencies and the media.


  • Colgate-Palmolive (Calendar Q3)
    The consumer goods giant reported a 10.9% year-on-year fall in profits to $329 million (€260.55m; £18u0.9m) from $365.4m – in line with its profits warning last month. Sales, however, rose 7% from $2.52bn to $2.7bn, with global unit volumes up 8.5% excluding divestments.
        The imbalance between sales and net income is due to increased spending and costs, which more than offset savings from an internal cost-cutting programme.

  • Eastman Kodak (Calendar Q3)
    Aided by the sale of a remote-sensing business and gains in digital photography, the photographic colossus reported on Wednesday a sharply higher third-quarter profit.
        Net earnings totalled $479 million (€379.35m; £263.37m), up year-on-year from $122 million. However, excluding restructuring costs and the $434m business disposal (see above), profit was $226m, further buoyed by $72 million in tax benefits.

    Data sourced from multiple origins; additional content by WARC staff