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Unilever Cuts Brands, Increases Net Profits

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By: TOM BRANNA

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Anglo-Dutch company Unilever slashed its brand portfolio to concentrate on such top names as Knorr soup and Lipton tea. Following the restructuring, Unilever posted a 29% increase in net profits for 2003 on a basis of constant exchange rates. Unilever executives said the Euro rose strongly against most currencies last year, but exchange rate variations helped its debt situation. Fourth-quarter profits soared by 199%, according to Unilever executives. The figures included the effects of asset s...

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