In spite of Strong Quarter Unilever Cautions of Tough Year
In spite of Strong Quarter Unilever Cautions of Tough Year

On Thursday, Unilever, which is Europe's largest consumer-goods company posted a 33% rise in first three months revenue, assisted by the opening of key brands in new markets, but warned that the surroundings would get tougher in the latter half of 2010.

It has been reported that the net revenue attributable to shareholders rose 33% to 973 million Euros ($1.28 billion), or 34 European cents a share, from 731 million Euros, or 25 cents a share, earned in the previous year duration.

The maker of Dove soap and Ben and Jerry's ice cream sales mounted 6.7% to 10.14 billion Euros. Apart from currency instability, profits increased 4.4%. Every area posted volume growth, directed by Asia, Africa and Central and Eastern Europe, up 11.7%.

Chief Executive Paul Polman, stated, "Growth was supported by the quickening pace of innovation and the introduction of brands such as Cif, Domestos, Lifebuoy and Lipton into new markets”.

Polman is alert on reinstating volume development in the past few quarters, by cutting costs and had sustained productivity by dropping costs.

The sales development at Unilever in the first three months, though firm, did not do as well as other food businesses, like Nestle SA, which posted a 6% rise in organic revenue this quarter.

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