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Divestitures Boost Unilever’s Results

Profit for the year jumps 28%.

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By: TOM BRANNA

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Unilever has reaped the reward from its divestures during the past year, but going forward results may be somewhat more sobering. The company reported its fourth quarter profits rose 51% to $1.57 billion (at average exchange rates). For the year , profit rose 28% to $7.78 billion. Fourth quarter sales rose 3% to nearly $13.4 billion, and 1% to $59.6 billion for the full year. Sales of personal care products, which includes Dove, Sunsilk and Axe/Lynx, rose 6.6% to more than $16.7 billion, i...

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