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Unilever Earnings Up in 4th Quarter, To Sell Frozen Foods

March 9, 2006

Unilever earned $817.9 million for the fourth quarter. Sales rose 3% to $12.1 billion the company said.
The company’s full-year earnings rose 37% to $4.5 billion, but were less than analysts’ estimates of $4.6 billion. Annual sales rose to $47.4 billion. Unilever said its sales growth was due to higher sales volumes, rather than better prices, and it is hoping to improve operating margins in 2006.
In addition, the company, which also makes Ben & Jerry’s ice cream, Hellmann’s Mayonnaise and Knorr soups, announced it intends to sell most of its western European frozen foods businesses, including the Iglo and Birds Eye brands, but would retain its Findus brand in Italy.
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