Hill’s Pet Nutrition has reported its fourth-quarter results (up to 31 December), which showed that the net sales of Hill's Pet Nutrition totalled 1.11 bn dollars. This equates to an increase of 5 per cent from the previous year’s fourth-quarter figure of 1.06 bn.
The operating profit was 231 mio dollars, which was slightly down year on year from 233 mio. Hill’s stated, however, that the decline was due primarily to higher raw material and packaging costs, greater advertising investment and start-up costs in connection with a new production facility.
Within the Colgate-Palmolive company, Hill's Pet Nutrition accounted for 23 per cent of overall sales in the fourth quarter.
