By Maryam Cockar

 

Unilever PLC (ULVR.LN) said Thursday that pretax profit and turnover in 2017 increased and that it expects further growth in the year ahead.

Last year, the consumer-goods company made a profit of 8.15 billion euros ($10 billion) compared with EUR7.47 billion a year earlier.

Unilever, whose brands include Hellmann's mayonnaise, Dove soap and Ben & Jerry's ice cream, said turnover increased 1.9% to EUR53.70 billion from EUR52.71 billion. Excluding the spreads and margarine business, which the company sold in December, turnover rose 2.2% to EUR50.70 billion.

Underlying sales growth, excluding the spreads business, was 3.5% verses 3.7% in 2016.

The FTSE 100-listed company raised the dividend for the fourth quarter to EUR0.3585 from EUR0.3201 the previous year.

Chief Executive Paul Polman said the company's priorities for 2018 are to grow volumes ahead of its markets, continue with its savings program and to complete the integration of the foods and refreshment division. He said this is expected to translate to underlying sales growth between 3% and 5% and improve underlying operating margin and cash flow.

 

Write to Maryam Cockar at maryam.cockar@dowjones.com

 

(END) Dow Jones Newswires

February 01, 2018 02:44 ET (07:44 GMT)

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