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Unilever Cí´te d'Ivoire Q2 loss narrows YOY

Unilever Côte d'Ivoire SA said its second-quarter normalized net income was 998.6 million francs, compared with a loss of 1.75 billion francs in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to negative 6.4% from negative 11.4% in the year-earlier period.

Total revenue climbed year over year to 15.63 billion francs from 15.31 billion francs, and total operating expenses declined from the prior-year period to 17.03 billion francs from 17.31 billion francs.

Reported net income totaled a loss of 1.61 billion francs, compared with a loss of 2.80 billion francs in the prior-year period.

As of Nov. 18, US$1 was equivalent to 615.95 West African CFA francs.