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7/23/2020, 8:04 AM (Source: TeleTrader)
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Unilever's H1 revenue tops estimations at €25.71B

British-Dutch consumer goods company Unilever stated on Thursday that its revenue surpassed estimates in the first half of 2020 by slipping just 1.6% to land at €25.71 billion.

On the other hand, Unilever's diluted earnings per share rose 9.2% compared to the same period in 2019, reaching €1.25. Furthermore, the quarterly dividend payable in September stood at €0.41 per share. Meanwhile, net income grew by 10.4% to €3.54 billion.

"We have demonstrated the resilience of the business - in our portfolio, in a continued step-up in operational excellence, and in our financial position - and we have unlocked new levels of agility in responding to unprecedented fluctuations in demand," Chief Executive Alan Jope commented on the results. Unilever also revealed plans to unify the Group legal structure under a single parent company, according to the report.

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