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Caribbean Global Market Update

ABB Backlog Declines; Nestle, Unilever Sales Rise, SKY Profit Plunges

Author: Sarla Buch
Islandjournal.net
Last Update: 6:53 PM ET April 20 2017


Nestle recently avoided takeover attempt by Kraft Heinz that valued the company at $143 billion.

The consumer goods maker said sales in home care and personal care business jumped 3.4% to 7.8 billion and sales in foods and refreshment segment grew 2.2% to 5.5 billion.

Unilever said sales in developed markets dropped 1.5% to 5.4 billion while sales in emerging markets soared 6.1% to 7.9 billion.

""The actions we take keep us on track for another year of underlying sales growth ahead of our markets, in the range of 3% to 5%,"" said chief executive officer Paul Polman.


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