Unilever's first-half net profit up 1%, sales revenue rises 11.5%

26 July 2012 09:20  [Source: ICIS news]

LONDON (ICIS)--Unilever’s first-half 2012 net profit increased by 1% year on year to €2.4bn ($2.9bn) as sales revenue grew 11.5% to €25.4bn, the Anglo-Dutch consumer goods company said on Thursday.

“Despite deteriorating global economic conditions and a competitive environment which remains intense, we again delivered volume growth ahead of our markets and gained value share across the majority of our business,” said CEO Paul Polman.

“Our performance reflects continued investment in innovation, brand-building and people, whilst keeping discipline on both costs and execution,” he added.

Unilever's operating profit in the first half increased by 4% year on year to €3.4bn while core earnings per share (EPS) rose 6% to €0.76.

“For 2012 we remain on track to deliver a modest improvement in core operating margin,” said Polman.

($1 = €0.82)

By: Graeme Paterson
+44 20 8652 3214

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