Higher prices boost Unilever turnover

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Charging higher prices for their products has helped boost Unilever’s turnover for the first half of the year. According to interim results released Thursday, the price increase has not hurt sales.

Turnover for the Dutch-British company amounted to 22.8 billion euros. This is a 4.1 percent increase over the 23.6 billion euros earned in the first six months of 2010. 

So-called underlying sales growth, calculated by excluding the effect of acquisitions, disposals and currency movements, amounted to 7.1 percent in the first quarter and 5.7 percent in the second. 

“Bigger and better innovation rolled out faster and moving our brands into white spaces continue to be the biggest drivers of growth,” said CEO Paul Polman in a company press release.

Unilever is best known for brands such as Becel, Knoor and Dove. 

© Radio Netherlands Worldwide

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