"Unilever" sees decreased earnings

Alina Vasiescu (Tradus de Cosmin Ghidoveanu)
English Section / 5 februarie 2009

The net profit of British-Dutch group "Unilever", the world"s second-largest consumer goods maker, has decreased 27% in Q4 2009. It reached EUR 831 million, (USD 1.15 billion), compared to 1.14 billion dollars in Q4 2008, when "Unilever" sold the Bertolli brand to Spanish company "Grupo" SOS, for 630 million Euros. The sale of the brand was also partly behind the 5% drop in sales over the course of the reporting period, to EUR 9.7 billion.

Unilever said that disregarding the impact of disposals and restructuring, fourth quarter operating profit would have risen 4 percent, and its profit margin would have increased 1%.

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