Print Edition - 2017-04-21  |  Money Digest

Unilever reports rising sales


Apr 21, 2017-Anglo-Dutch food and consumer products giant Unilever on Thursday reported rising sales and boosted its shareholder dividend in its first earnings update since seeing off a bid attempt by Kraft Heinz. Sales rose 6.1 percent in the three months to March to €13.3 billion ($14.3 billion), partly explained by favourable exchange rate factors, and ahead of analysts’ expectations. Ever since spurning a takeover bid from US rival in February, Unilever has been trying to prove to shareholders that it is better off on its own. Earlier this month, it announced the sale of its margarine division to butter up investors, many of whom had been doubtful about the rejection of the proposed tie-up with Kraft. 

Published: 21-04-2017 08:56

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