
Unilever Spruces Up Profits But Sees Gloomy Global Outlook
Rukhshan Mir (@rukhshanmir) Published July 21, 2016 | 03:22 PM

THE HAGUE,(UrduPoint / Pakistan Point News - 21st july,2016) - Dutch food and cosmetics giant Unilever on Thursday posted a rise in sales for the first half of 2016 boosted by mens' grooming products but warned of "no sign of an improving global economy." Total sales clocked in 2.6 percent higher at 26.3 billion euros ($29 illion) and net profit stood at 2.7 billion Euros, up by 2 percent from 2015.
Unilever said the first half of the year was marked by "a period of high volatility and accelerating change". "Despite a challenging environment with slower global economic growth and intensifying geopolitical instability, we have again grown profitability in our markets," Unilever chief executive Paul Polman said in a statement.
Unilever fared particularly well in its personal care division with deodorants and dry sprays, it said.
Recent Stories

Human Rights Situation in Pakistan: A Comprehensive Analysis

Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 10 December 2023

Today Gold Rate in Pakistan 10 December 2023

232 more Afghan families repatriated to homeland

Couple dies as car hits roadside tree in Chishtian

Yasin Malik being poisoned in Indian jail: Mushaal

Thalassemia center inaugurated in Attock

Minister assures journalists to arrest killers of Jan Muhammad Mahar

Human Rights Day to be observed on Dec 10

PU women team wins trophy in swimming

Peshawar welcomes UN women's KoiJawaazNahi campaign

ICT police’s crackdown against drugs continues
More Stories From Business
-
AJK IRD (South Zone) achieves targets for fiscal year 2023-2024
9 hours ago -
PCMEA calls for continuity in long-term export policy
12 hours ago -
Incentives to overseas Pakistanis to multiply remittances: LCCI
12 hours ago -
Potential existing to reaching $100 billion exports target: PFC
16 hours ago -
China's weekly coastal bulk freight index rises
19 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 10 December 2023
22 hours ago
-
Today Gold Rate in Pakistan 10 December 2023
23 hours ago -
ADB screens short filim highlighting floods 2022
1 day ago -
ADB, Planning Ministry organized event on climate resilience
1 day ago -
2,234 new companies registered in November 2023
1 day ago -
Second meeting of SIFC working group on development of special economic zones
1 day ago -
Representatives of leading financial institutions meet Privatization Minister
2 days ago