Unilever posts profit rise

Unilever’s shares have jumped after posting a rise in profits, following growth in emerging markets.

The conglomerate’s annual results, which came out this morning, show pre-tax profits rose 9% to 7.1bn euros ($9.6bn; £5.9bn).

Paul Polman, CEO, said: “We have delivered another year of consistent underlying sales growth and margin expansion coupled with strong cash flow. This has been achieved despite significant economic headwinds and highly competitive markets and reflects the benefits of strong margin accretive innovations and active cost management.

While sales fell 3% to 49.8bn euros, due to unfavourable foreign exchange rates, Unilever said underlying sales actually rose 4.3%. In the UK, sales grew for the 25th successive quarter.

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