Unilever Posts Slower Growth In Fiscal Year 2012

Unilever Pakistan reported net revenue increased 15 percent to Rs59.7 billion for fiscal year ending December 31, 2012. Profits rose 34 percent to Rs5.5 billion, driven by higher gross margins and lower growth in operating costs. Growth in revenue, which would be impressive when measured against developed market standards, suffered due to a slowdown in sales volume growth in tea, soap, and detergent categories. Unilever plans to delist from the Karachi Stock Exchange and expand its ice cream, butter, and shampoo businesses in the country, which would put it in more direct competition with Procter & Gamble.