The Traderszone Network

Published in TZ Latest News 21 July, 2016 by The TZ Newswire Staff

Unilever plc Earnings Decline on Weakening Demand

Unilever (NYSE: UL) posted earnings results for the first half of fiscal 2016 this week. The headline numbers met management’s forecast, but they were still marked by weak profit growth as demand for consumer products slowed across many key markets.

Overall, revenue fell 3% but rose slightly after accounting for currency exchange swings. Operating profit fell slightly, despite an encouraging uptick in profitability.

Other highlights of the quarter include:

read more