May 7, 2009
Unilever reports 43% profit drop in first quarter
May 7, 2009
ROTTERDAM, Netherlands, May 7, 2009 (AFP) - British-Dutch cosmetics and food group Unilever reported on Thursday a 43-percent drop in first-quarter net profit on a 12-month basis, and a one-third drop in the operating result.
London Headquarters of Unilever - Photo : Johnathan Utz/AFP
Overall sales by the group, which owns many leading brands including Knorr soups, Dove soap and Omo washing powder, fell by 1.0 percent to 9.5 billion euros.
"First-quarter results were solid given today's trading environment," chief executive Paul Polman said in the earnings statement.
He said that the group would focus on innovation and on supporting its brands."
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