Food giant Unilever posts 5% drop in 2015 profits
Dutch food and cosmetics giant Unilever
The Hague - Arab Today
Dutch food and cosmetics giant Unilever Tuesday posted a 5.0 percent fall in 2015 profits from the previous 12 months, saying it had been a "challenging year" amid the economic slowdown.
Turnover was up 10% to $53.3 billion thanks to increased volumes and a favourable exchange rate, but net profit attributable to shareholders was down to $4.91 billion, compared with $5.2 billion in 2014.
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