Unilever lifts earnings 3.6%

UK: Unilever lifts earnings 3.6%  
November 5, 2010
Consumer goods giant Unilever surprised investors with a rise in third-quarter profit margins yesterday, and said it could raise prices and cut costs to counter higher commodity costs.

The Anglo-Dutch company said it would raise prices in the fourth quarter even as it was aiming for its goal of profitable sales volume growth for 2010.

Despite tough trading and heightened competition, Unilever matched forecasts with a 3.6 percent rise in third-quarter underlying sales. - Reuters

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