Anglo-Dutch food and consumer goods giant Unilever has posted a 10% rise in quarterly profit, but confirmed that growth of its leading brands will be less than 3% this year.
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Unilever reported net profit of €831m (US$971.5m) for the third quarter, compared to €755m a year earlier. Stripping out currency effects, net profit rose 15% to €866m, reported Dow Jones News.
Sales were flat at €12.3bn, stripping out currency effects. While not providing a sales figure that includes currency effects, the company said that at currency exchange rates, sales fell 7% in euros and 3% in sterling.
Sales of ice cream and ready-to-drink tea were helped by the European heat wave, but this was offset by lower sales of frozen meals and so-called hot products.
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