Better than expected third quarter for Unilever

By: trademagazin Date: 2009. 11. 06. 00:00

Unilever’s third-quarter net profit decreased by 36 percent to 1.05 billion euros and 36 cents per share on an annual basis, – analysts expected only a 997 million profit – reports Bloomberg.

The better-than-expected profit was contributed by the lower prices, which increased the demand.
The one-time costs were 43 cents per share, the company's price income dropped by 2 percent on an annual basis, reaching a total of 10.2 billion euros.
The volume of goods sold in Western Europe increased by 2.6 percent, while prices fell by 2.3 percent – analysts expected 1.8 percent increase in volume – reports

Related news