Unilever annual profit drops 15pc on flat sales

LONDON  -  British consumer goods giant Unilever on Thursday said its profit after tax dropped 15 percent last year to 6.5 billion euros ($7 bil­lion) as sales flattened. Chief executive Hein Schumacher said in the earnings statement that “competitiveness remains disappointing and overall performance needs to improve” at the group whose products include Magnum ice cream, Cif surface cleaner and Dove soap.

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