Business News

Nov 5, 2009, 9:00 GMT

Unilever shares drop after announcing lower Q3 turnover

Amsterdam - Share prices for British-Dutch food multinational Unilever dropped Thursday morning after the company reported third quarter turnover which fell short of analysts predictions. By 10 am (0900 GMT), Unilever shares had fallen 2.5 per cent to 20.28 euros (29.94 dollars) on the Amsterdam stock exchange. In the third quarter, the food multinational said turnover had dropped to 10.2 billion euros, from 10.43 billion euros a year earlier. It was also below analysts' forecasts of 10.48 billion euros. However, the number of products it sold increased in all regions and divisions. Underlying sales in the third quarter increased by 3.4 percent, with volume growth amounting to 3.6 per cent. Operating profits plunged to 1.494 billion euros, 41 per cent below the 2.53 billion euros reported in the third quarter of 2008. 'Our market shares are responding to stronger innovations, greater consumer value, increased marketing support and better execution,' Unilever CEO Paul Polman said in a statement. However, he noted 'market conditions remain challenging' and further investment, particularly in research and development, remained necessary.

And Also

Look Back at the Worst Celebrity Breakups

Look Back at the Worst Celebrity Breakups - PopEater
SQL Injection discovered on Wall Street Journal (Update) - The Tech Herald
Death At A Funeral Remake Trailer Actually Looks OK - Cinema Blend
Gettin' Ugly for a Role, and Other Ways Stars Transform for Acclaim - PopEater
A&E series 'Hoarders' and 'Intervention' premiere Monday, Nov. 30th, preview

Your Talkback on this Story

Similar articles

Barclays to buy ABN Amro in world's biggest banking merger
Anglo-Dutch Unilever reports "improved performance" in 2006

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Latest Pics

Emmanuelle Chriqui

Jean-Marc Vallée

Clifton Collins Jr.

From Sites we Like

The FCC momentarily comes to its senses, but wants to assure eveyone that it won't last [Followup]
To save the Earth get rid of Christmas [Asinine]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint