The company says net profit was euro731 million, down from euro1.34 billion. Last year's figures were boosted by euro517 million in one-time gains, mostly from selling its Boursin cheese arm. Company sales fell 1 percent to euro9.51 billion.

Unilever said in its report Thursday that "underlying" sales - a nonstandard measure that strips out the impact of currency changes and operations that have been sold - would have risen 4.8 percent, due entirely to price increases.

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