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Net Profit Rises 19% at Unilever

Deodorants and hair care sales in the U.S. held their own.

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By: TOM BRANNA

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Unilever posted positive results for the third quarter ended Sept. 30, 2010.Net profit rose 19% to $1.77 billion, boosted by growth in emerging markets, according to the company. However, it cautioned that markets in Europe and the U.S. remain tough.

Total sales for the company rose 13% to $8.2 billion.

“We have delivered another quarter of solid progress, driven by our emerging-markets business which again reported high levels of volume growth,” commented Chief Executive Officer Paul Polman.

In the U.S., performance in deodorants and hair care were “particularly encouraging,” the company said.

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