Pharma Industry
Industry: Email Alert RSS FeedUnilever Reports Strong Full Year
Chemical Market Reporter, February, 1998 by TULLO, ALEX
CONTINUING WITH the trend of higher margins for big soapers, Unilever Group posted a 13 percent net profit gain to $2.8 billion for its fiscal year at constant exchange rates. For its fourth quarter, however, sales decreased 6 percent to S12.6 billion on strong volume growth, while net profit decreased from $677 million to $21 million, reflecting business disposal and investments.
The company also reported a full-year sales decrease, corrected for exchange rates, to $51.6 billion from $52.2 billion the year before on a 3 percent increase in volume. The company says profit gains are due to the benefits of restructuring and portfolio improvement. For the year, the company says personal care sales in Europe showed strong growth, particularly in prestige...
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