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| Name | Symbol | Market | Type |
|---|---|---|---|
| Unilever PLC | NYSE:UL | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.11 | 0.21% | 52.13 | 52.64 | 52.0725 | 52.58 | 4,413,133 | 01:00:00 |
From May 2019 to May 2024
LONDON--Unilever PLC (ULVR.LN) Thursday indicated a further sales slowdown in emerging markets, even as first-half profit grew on the back of a number of disposals.
The maker of Magnum ice cream and Axe deodorant posted a first-half net profit of EUR2.82 billion, compared with EUR2.43 billion in the same period last year, on revenue down 5.5% at EUR24.10 billion.
Sales growth in emerging markets, where Unilever does nearly 60% of its business, was 6.6%, down from 10.3% in the year-earlier period.
Unilever said there had been a negative currency impact of EUR413 million on operating profit during the first half. Like other consumer-products companies, Unilever has suffered from the devaluation of emerging-market currencies in the past year, reducing the value of its sales.
"Our markets have been challenging and we have experienced a further slow-down in the emerging countries whilst developed markets are not yet picking up," said Chief Executive Paul Polman.
Write to Peter Evans at peter.evans@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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