Unilever profit edges higher in first half
A picture taken on June 5, 2015 shows the logo of Unilever at the headquarters in Rotterdam. Unilever is a multinational company in the field of food, personal care and cleaning products. In 1930, Lever Brother, a British soap maker and Margarine, a Dutch company, merged to optimize their requirements and create the multinational Unilever. AFP PHOTO / JOHN THYS (Photo by JOHN THYS / AFP)
London, United Kingdom — British consumer goods giant Unilever said Thursday that net profit edged up four percent in the first six months of the year, driven by higher sales.
Profit after tax rose to 3.7 billion euros ($4.0 billion) compared with the first half of 2023, the maker of multiple products including Cif surface cleaner, Dove soap and Ben & Jerry’s ice cream said in an earnings statement.
Both volume of sales and prices increased in the first half, Unilever noted.
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“There is much to do, but we remain focused on transforming Unilever into a consistently higher performing business,” said group chief executive Hein Schumacher.
Article continues after this advertisementThe company earlier this year announced plans to create a standalone ice cream business as part of a major overhaul expected to cost about 7,500 mainly office-based jobs worldwide.
The group, which employed about 128,000 people globally at the time of the March announcement, is seeking to save 800 million euros over the next three years.
