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Unilever profit up 10%

Aug 04 2011 09:43 Sapa

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Amsterdam - Unilever NV, owner of the Dove, Lipton and Ben & Jerry's brands, says first half earnings rose 10 percent as the company cut costs and passed on higher raw materials costs to customers.

Net profit was €2.235bn, from €2.035bn in the same period a year earlier. Sales rose 4.1% to €22.1 billion. Unilever didn't present full numbers for the second quarter, but said "underlying" sales growth - a nonstandard measure that strips out the impact of acquisitions and disposals - was 7.1% in the quarter.

For the first half as a whole, the company said margins were down 0.2%.

 
 
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