Breaking News

Unilever’s Profit Drops In Second Quarter

November 22, 2005

Anglo-Dutch company Unilever reported flat sales of leading brands and lower second-quarter operating profit, but the company stuck to its 2004 earnings per share target. Lower interest costs, a tax benefit and cost savings from stepped-up restructuring programs will help Unilever reach that goal, according to Rudy Markham, Unilever’s finance director.
Sales of the top 400 brands, which Unilever previously said would grow by more than 2.5% in 2004, were predicted to improve in the second half of the year. Unilever said operating profit before exceptional items and amortization of goodwill and intangible assets fell 2% to $1.96 billion, which was just below analysts’ forecasts, according to a Reuters poll.
Unilever blamed poor ice cream and ready-to-drink tea sales in Europe, due primarily to a cool start to summer.
Group turnover fell 3% to $13 billion, but net proft jumped 34% boosted by lower interest costs and taxes.
For 2004, Mr. Markham maintained a forecast for an operating margin of more than 16%. l
blog comments powered by Disqus
  • A Facial Bar Grows in Brooklyn

    A Facial Bar Grows in Brooklyn

    Christine Esposito, Associate Editor||October 24, 2016
    With three doors in Canada, Blitz Facial Bar opens its first US location in one of the hippest areas of New York.

  • Free and Clear

    Free and Clear

    Melissa Meisel, Associate Editor||October 17, 2016
    OY-L aims for zero-chemical skin care.

  • Coming Clean on a Host of Issues

    Coming Clean on a Host of Issues

    October 17, 2016
    Cleaning Products Conference is set for Nov. 9-11, 2016 in Washington DC.

  • Skin Care of One’s Own

    Skin Care of One’s Own

    Christine Esposito, Associate Editor||October 3, 2016
    Nu Skin’s ageLOC Me—which melds the worlds of smart-phone technology, efficacious ingredients and personalization

  • Proof Positive

    Proof Positive

    Christine Esposito, Associate Editor||October 3, 2016
    Testing service providers enable companies to back up their claims and stay in compliance with regulations.

  • Change Is in the Air

    Change Is in the Air

    Doreen Wang, BrandZ ||October 3, 2016
    Technology is changing the personal care market