Hindustan Unilever zooms 5%; touches lifetime high

Shares of Hindustan Unilever (HUL) rose more than 5% today, following a spectacular set of results reported on Monday.

The shares was trading at Rs 466, after touching a lifetime high of Rs 467. Hindustan Unilever reported a growth of 112.3 per cent in its standalone net profits at Rs 1,331.19 crore for the three months ended June 2012, helped by the exceptional income of Rs 607 crore which arose from the sale of properties.

The net profit of the company stood at Rs 627.16 crore during the year ago period, said HUL in a filing to the BSE on July 23, 2012.
Commenting over the performance, HUL's Chairman, Harish Manwani said, "We have delivered another quarter of strong volume led growth with an improvement in margins. The environment continues to be challenging in terms of inflation and a general economic slowdown".

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