Colgate's ring of confidence

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Colgate's ring of confidence

Colgate-Palmolive reacted today to what it called "an ambiguous comment made by a sell-side analyst" by reaffirming its positive financial results and expectations.

The Ajax to toothpaste group said that its operating cash flow and free cash flow increased significantly in the already announced 1st quarter 2003. It also expected both measures to increase for the full year 2003, even after the 33% increase in dividends implemented during the 2nd quarter.

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