date:Jul 25, 2014
Unilever reported second-quarter revenue growth that missed estimates as Asian emerging markets continued to slow and the struggling food business posted another sluggish result.
Underlying sales rose 3.8 per cent in the period ended June 30, the company said today in a statement. The median estimate of 15 analysts surveyed by Bloomberg was for a 4.3 per cent increase.
The slowdown in developing markets such as Brazil, Argentina and China reflects weakening economic growth and price increases