Hindustan Unilever 3Q Net Profit Slips 1.7% To INR6.38 Billion
25 Januar 2011 - 9:15AM
Dow Jones News
Hindustan Unilever Ltd. (500696.BY) Tuesday said net profit for
the fiscal third quarter slipped 1.7% to INR6.38 billion from
INR6.49 billion a year earlier, as a steep rise in raw material
costs led to a contraction in its operating margin.
Sales in the three months through December rose 12% to INR50.27
billion from INR45.04 billion.
The average forecast in a Dow Jones Newswires poll of 10
analysts was for HUL to post net profit of INR6.50 billion on sales
of INR50.77 billion.
Hindustan Unilever is India's largest consumer goods maker by
sales.
-By Rumman Ahmed, Dow Jones Newswires; 91-9845104173;
rumman.ahmed@dowjones.com
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