Audio By Carbonatix
Price increases helped Unilever report a smaller-than-expected slowdown in third-quarter sales on Thursday.
The maker of Ben & Jerry's ice cream and Dove soap reported underlying sales growth of 3.2 percent for the latest three months. Analysts on average expected growth of 2.9 percent, according to a company-supplied consensus, a slowdown from 4.7 percent in the first half of the year.
The company in July said it was expecting full-year sales to grow 3-5 percent, with margins improving in the historical range of 0.3-0.4 percentage points, rather than the 0.5 points it delivered in the first half.
It had flagged a worsening of performance, due to tougher comparisons with an unusually strong third quarter last year and deterioration of economic conditions in markets such as Brazil and Argentina.
Latest Stories
-
President Mahama to attend One Health Summit in France, hold bilateral talks with Macron
34 minutes -
Mahama endorses ADB at Kwahu Business Summit
2 hours -
Every gram will be tracked – Gold Board unveils traceability push to deal with illegally-mined gold
2 hours -
Analysis: Why the Bank of Ghana sold half its gold reserves
2 hours -
Buy wrong gold, face prosecution – Gold Board CEO cracks down on rogue dealers
2 hours -
Africa pushes integrated health agenda ahead of One Health Summit in Lyon
3 hours -
We own the strategy, its not head office decision – GCB MD positions bank as engine of Ghana’s economy
3 hours -
No more waiting for head office – GCB boss pushes Ghana-first banking
3 hours -
Mahama lauds Julius Debrah for shaping Kwahu Business Forum
4 hours -
Why actors beg in difficulty – Patience Ozokwor on Nollywood financial struggles
4 hours -
Any man who apologises to woman deserves to suffer – Brymo
4 hours -
Nigerian artistes no longer put effort into making music – Omah Lay claims
4 hours -
‘I’m now skeptical about going into politics’ – Davido
4 hours -
Nigeria’s Seplat Energy resumes operations as oil workers halt strike action
4 hours -
Nigeria launches manhunt after abductions by bandits in northwest Zamfara
5 hours