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.
Group revenue dipped 0.8 percent to 59.6 billion euros last year compared with 2022.
Businesses and consumers worldwide continue to battle higher costs as inflation remains stubbornly high, especially in the UK.—AFP
