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Unilever Pakistan Reports 4 Percent Profit Drop Due To Inflation In Second Half Of 2013

August 24, 2013: 12:00 AM EST
Unilever Pakistan reported profit after tax decreased 4 percent to Rs 2.4 billion in the first half of 2013 from Rs 2.5 billion in the same period of 2012, due to growing inflation and an ongoing energy crisis. Earnings per share dropped to Rs 174.50 during the period from Rs 180.90 in the first half of 2012. Unilever Pakistan, however, reported profits rose 20 percent to R2 1.73 billion in the second quarter of 2013 from Rs 1.46 billion in the same period of 2012. Underlying sales grew 8.3 percent in the first half of 2013, with growth in second quarter reported at 13.1 percent.
Abrar Hamza, "First half of 2013 : Inflation dampens Unilever’s growth by 4%", Daily Times (Pakistan), August 24, 2013, © Daily Times
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