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Currency Comments: Unilever, Mastercard

Stock quotes in this article: UN , UL , MA  

Unilever

Unilever(UN Quote), the Dutch-British maker of Lipton teas, Dove soaps and other popular brands of food and personal-care products, blamed exchange rates for lower profitability in the fourth quarter and the full year.

"Underlying sales growth of 7.4% was partly offset by movements in exchange rates (4.8%)" for 2008, the company said in a statement. Growth in 2008 operating profit was only 1% at current exchange rates, but rose 6% after adjusting for currency fluctuations.

Unilever also said a decline in its fourth-quarter operating margin was "exacerbated by adverse currency movements." ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,405.83 1,102.35 2,190.86 34.82
Oil *
71.98
UP
68.78
UP
6.41
UP
7.13
UP
0.59
10 Yr
3.48%
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+1.72%
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