By  on May 7, 2009

LONDON — Unilever reported Thursday its first-quarter profits declined 43 percent to 803 million euros, or $1.05 billion at average exchange, compared with the year-ago quarter, when profits were bolstered by divested businesses.

Before restructuring, disposals and one-off items, net profits declined 13 percent to 917 million euros, or $1.2 billion. The Anglo-Dutch consumer goods giant said sales dropped 1 percent to 9.5 billion euros, or $12.4 billion. Underlying revenues were up 4.8 percent in the quarter boosted by price increases, whereas volume was down 1.8 percent. The firm’s personal care business, which includes brands such as Dove and Sunsilk, reported underlying sales growth of 4 percent to 2.807 billion euros, or $3.67 billion.

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