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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Unilever posts 5.5pc increase in profit

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The Hague: Dutch food and cosmetics giant Unilever on Thursday posted a 5.5 per cent rise in net profit boosted by deodorants and ice cream sales, but warned “tough markets” are to continue in 2017.


The Rotterdam-based group clocked 5.5 billion euros ($5.9 billion) in net profit last year, while turnover came in at 52.7 billion euros, down 1.0 per cent year-on-year.


Unilever said it “delivered another good all-round performance, despite severe economic disruptions, particularly in India and Brazil, two of our largest markets.” — AFP


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