Hindustan Unilever profit up 6.2 percent, beats estimates | Reuters
Hindustan Unilever Ltd, maker of products ranging from Lakmé cosmetics to BRU coffee, reported a 6.2 percent rise in quarterly profit, helped by strong sales of its Pears and Dove products. Net profit rose to 11.83 billion rupees ($184.57 million) in the quarter ended March 31, compared with 11.14 billion rupees a year earlier, the company said on Wednesday
Hindustan Unilever Ltd, maker of products ranging from Lakmé cosmetics to BRU coffee, reported a 6.2 percent rise in quarterly profit, helped by strong sales of its Pears and Dove products. Net profit rose to 11.83 billion rupees ($184.57 million) in the quarter ended March 31, compared with 11.14 billion rupees a year earlier, the company said on Wednesday.
Analysts polled by Thomson Reuters estimated a profit of 10.80 billion rupees on average.
Revenue from the company's personal care segment, which houses brands such as Vaseline and Pond's, rose about 8 percent to 40.75 billion rupees.
($1 = 64.0950 rupees) (Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Sunil Nair)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
Exclusive: Hand wash stations provider United Site up for sale for $4 billion after COVID-19 boost - sources
By Joshua Franklin (Reuters) - Portable toilets vendor United Site Services Inc is exploring a sale that could value it at around $4 billion, including debt, as its hand wash stations business sees strong demand during the pandemic, people familiar with the matter said on Friday. Platinum Equity LLC, the buyout firm which owns United Site Services, has hired investment bankers to advise it on a sale process, the two sources said, requesting anonymity as the matter is confidential. United Site Services was valued at just $1.15 billion when Platinum Equity acquired the Westborough, Massachusetts-based company four years ago, according to credit ratings agency Moody's Investors Service Inc
By Brenna Hughes Neghaiwi and John Revill ZURICH (Reuters) - Credit Suisse said it will sink to a fourth-quarter loss after setting aside hundreds of millions of dollars more than previously expected on Friday for a legal dispute over property debt in the United States. Chief Executive Thomas Gottstein, who took the helm at Switzerland's second-biggest bank last February, said in December he wanted to start the new year with a "clean slate" on legacy matters and has set aside some $850 million to address disputes dating back to the financial crisis. The bank had already set aside $300 million in connection to a decade-long dispute with New York-based municipal bond insurer MBIA regarding a U.S.
By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy shed jobs for the first time in eight months in December as the country buckled under an onslaught of COVID-19 infections, suggesting a significant loss of momentum that could temporarily disrupt the recovery from the pandemic