Unilever Profit Edges Higher in First Half of 2024

LONDON, United Kingdom — British consumer goods giant Unilever reported a four percent increase in net profit for the first half of 2024, driven by higher sales.

In an earnings statement released on Thursday, Unilever announced that profit after tax rose to 3.7 billion euros ($4.0 billion) compared to the first half of 2023. The company, known for its diverse range of products including Cif surface cleaner, Dove soap, and Ben & Jerry’s ice cream, attributed the growth to increased sales volumes and prices.

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“There is much to do, but we remain focused on transforming Unilever into a consistently higher-performing business,” said Hein Schumacher, group chief executive.

Earlier this year, Unilever announced plans to establish a standalone ice cream business as part of a major restructuring effort, which is expected to result in approximately 7,500 job cuts, mainly among office-based staff worldwide. At the time of the announcement in March, the company employed around 128,000 people globally and aims to save 800 million euros over the next three years.