Colgate Palmolive Net Up 13.3%

Colgate Palmolive India net profit during 1999-2000 increased 13.3 per cent to Rs 51.8 crore. Net sales were up 12.3 per cent to Rs 1121.2 crore. Depreciation for certain assets has been charged during the year based on the estimated useful life in accordance with the revised mandatory accounting standard. Consequently, depreciation charges (Rs 23.2 crore) is higher by Rs 1.3 crore with a corresponding reduction in pre-tax profit. The interim dividend of 30 per cent for the year has been paid and the board has not recommended any final dividend.