4 Feb 2011

Higher profit reported by Unilever

12:32 pm on 4 February 2011

Unilever has increased full year profits by 18% to 6.1 billion euros ($US8.4 billion).

The giant consumer goods company said the rise was despite tough trading conditions, weak consumer confidence and higher commodity prices.

Commodity costs for vegetable oils, tea and milk have risen sharply over the past year.

Unilever is one of the top three food and consumer goods company in the world, alongside Colgate Palmolive and Proctor and Gamble.

The BBC reports it now has more than 50% of its business in emerging markets.

Chief executive Paul Polman said the company's growth was strong.

"Volume growth is the highest we've seen in 30 years. It's coming from across the world. We have 60% of our categories actually growing share," he said.