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Exchange Rates Dent Unilever

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By: TOM BRANNA

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Despite an increase in underlying growth (3.7%) and emerging markets (6.6%), Unilever's second quarter revenue fell 5.5% to 24.1 billion euros ($32.4 billion at current exchange rates)due to an 8.5% decline related to currency exchange. “The first half again shows consistent top and bottom line progress despite significant headwinds,” said Paul Polman, chief executive officer. “Our markets have been challenging and we have experienced a further slow-down in the emerging c...

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