Belfast Telegraph

Pot Noodle owner boosts half-year profits to £4.1bn

By Ben Woods

Marmite and Pot Noodle-maker Unilever has boosted half-year sales and profits despite "volatile" market conditions.

The consumer goods giant said pre-tax profits climbed 27% to €4.6bn (£4.1bn) for the first half of 2017, up from $3.6bn (£3.2bn) the year before.

Underlying sales growth rose 3% over the period, with sales - excluding its spreads business - expanding by 3.4%. The FTSE 100 firm said it was on track for another year of underlying sales growth at around 3% to 5%.

Chief executive Paul Polman said the market "remained challenging", but efforts to boost profitability were gathering pace.

He added: "Our first half results show continued growth well ahead of our markets and a substantial step-up in profitability despite the persisting volatile global trading environment.

"The transformation of Unilever into a more resilient, more competitive and more profitable business is accelerating."

Belfast Telegraph

Popular