Tuesday, January 21, 2014

Unilever has results above expectations with recovery in emerging

LONDON, JAN 21-the consumer goods manufacturer Unilever announced higher than expected 2013 results on Tuesday, with improvement in performance in emerging markets after devaluations of currencies early last year have damaged demand.
The maker of Dove soap said that the main profit was 1.58 euro per share, above the average estimate of analysts of around 1.53 euros per paper.
The turnover for the year fell 3 percent, hit by foreign exchange rates and divestments. But the underlying sales rose 4.3 percent, slightly above analysts ' expectations of a gain of 4.2 percent.
In the fourth quarter, underlying sales rose 4.1 percent, driven by growth of 8.4 percent in emerging markets.
The financial Vice President of the company, Jean-Marc Huet, also cited contributions from participation in other companies for growth.
O Estado de São Paulo - 21/01/2014
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