(MENAFN– ecpulse)
Anglo-Dutch consumer goods giant Unilever Plc, announced Tuesday that full-year revenue fell 3 percent to €49.8 billion as growth continued to slow in emerging markets and developed markets remained weak as a result of the impact of economic uncertainty and currency depreciation on consumer demand.
However, the company said that full year net profit went up 9 percent to €5.26 billion , from €4.84 billion; and up by 16 percent at constant rates.
- Revenue came in at €49.8 billion
- Full year net profit was up 9% to €5.26 billion
- Sales increased by 4.3%, underlying sales growth in emerging market was up 8.7%
- Earning per share amounted to €1.66 this year, up from €1.50 a year ago
Unilever, which has a range of brands from Dove soap to Ben and Jerry’s ice cream warned that a slowdown in emerging markets has accelerated in the third quarter of last year.
Looking forward, the company anticipates ongoing volatility in the external environment, despite consistent underlying sales growth and margin expansion coupled with strong cash flow. Paul Polman, Chief Executive Officer said in a statement.
- As of 11:38 ET on 01/20/2014, Unilever NV share closed at 28.8350 euro, up by 0.33%
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.