New York - The US toothpaste and cosmetics concern Colgate- Palmolive on Tuesday overshot market expectations with its announcement of 2nd quarter profits of 494 million dollars, a rise of 19 per cent compared to the same period last year.

Revenues, which rose due to price rises and the advantages of curency fluctuations, was up 17 per cent to around 4.0 billion dollars, the New York-based firm said.

Saying that it had to cope with the industry-wide problems of rising costs of raw materials and energy, the company noted also restructuring expenditures of 30 million dollars since the 2004 as well as record spending on advertising.

The company however expects double digit increases in profit per share for the current and next year. (dpa)