Unilever Profits Rise 2 Percent in First Half of 2016

July 21, 2016 8:02 AM

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Anglo-Dutch consumer products giant Unilever, the owner of brands including Ben & Jerry's ice cream, Dove and Hellmann's, says its net profit in the first half of the year rose two percent to 2.7 billion euros ($3 billion) despite sales declining 2.6 percent to 26.3 billion euros ($29 billion) due to exchange rate fluctuations.

Unilever said Thursday that its underlying sales growth, which strips out the effect of factors such as currency changes, was a healthy 4.7 percent despite tough economic conditions in its markets around the world.

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