The Hague: Food and consumer products giant Unilever on Thursday posted soaring 2017 profits of 6.5 billion euros ($8.05 billion), after a year of “major change” when it spurned a Kraft Heinz takeover bid.
Net profit leaped 16.9 per cent on sales of 53.7 billion euros, up 1.9 per cent year-on-year, which chief executive Paul Polman said “demonstrates the progress we have made in transforming Unilever into a more resilient and more agile business”. The Rotterdam-based Unilever, which employs some 169,000 people around the world, owns more than 400 household brands including Dove, Knorr soups, Lipton, Magnum and Marmite. — AFP
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