Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 156 Thu. October 28, 2004  
   
Business


Unilever Q3 profit falls


Unilever PLC, the Anglo-Dutch consumer goods giant, reported that its pretax profit fell two percent in the third quarter after sales of ice cream, soft drinks and household goods were hit by poor European weather, weak consumer demand and pressure from rivals.

The world's largest maker of ice cream, whose shares are hovering around a four-year low following a grim profit warning last month, posted pretax profit in the three months to September 30 of 1.318 billion euros (1.7 billion dollars), down two percent from 1.341 billion a year earlier.

Operating profit, before exceptional items and goodwill, declined three percent in the period to 1.848 billion euros whiles sales slumped four percent to 10.641 billion dollars.