The Strategist

Unilever loses 5% of net profit in the first half of 2022

07/26/2022 - 11:38

Unilever's net profit dropped by 5%, to €3.2 billion, in the first half of the year.

International FMCG manufacturer Unilever reported a 5.3 percent decrease in net profit, to €3.216 billion, in the first half of this year compared to the same time in 2021.

Comparatively to the previous year, diluted earnings per share were €1.13 as opposed to €1.19 per share. The company's revenue climbed at the same period, jumping 14.9% to €29.623 billion. Operating profit increased by 1.7% to €4.5 billion from a year before.

Despite the difficulties of high inflation and a weakening global economy, Unilever "produced a first-half performance that builds on 2021 growth," the statement read.

The business increased its sales projection for the current year as well; growth is now anticipated to exceed the range of 4.5 to 6.5 percent.