Unilever Spruces Up Profits But Sees Gloomy Global Outlook

Unilever spruces up profits but sees gloomy global outlook

THE HAGUE,(Pakistan Point News - 21st july,2016)- Dutch food and cosmetics giant Unilever on Thursday posted a rise in sales for the first half of 2016 boosted by mens' grooming products but warned of "no sign of an improving global economy." Total sales clocked in 2.6 percent higher at 26.3 billion euros ($29 illion) and net profit stood at 2.7 billion euros, up by 2 percent from 2015. Unilever said the first half of the year was marked by "a period of high volatility and accelerating change". "Despite a challenging environment with slower global economic growth and intensifying geopolitical instability, we have again grown profitability in our markets," Unilever chief executive Paul Polman said in a statement. Unilever fared particularly well in its personal care division with deodorants and dry sprays, it said.