Unilever Quarterly Profit Rises 72%

European consumer products company Unilever ( UN) said third-quarter earnings at constant rates rose 72% to 1.7 billion euros ($2.2 billion).

Revenue in the quarter rose 7% to 10.4 billion euros and underlying sales growth increased 8.3%.

The company, the maker of Dove soap and Lipton teas, said its operating margin of 24.2% in the quarter was boosted by profits on disposals.

Unilever said this year it now expects to "deliver underlying sales growth well in excess of our long-term target range of 3%-5%, together with an underlying improvement in operating margin."

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