Unilever’s Q3 pre-tax profits increased 21%.

Unilever has posted strong third quarter financial results off the back of strategic price increases and cost cuts.

The company, the world’s second-largest consumer products company after Procter & Gamble, generated pre-tax profits of £952 million– an increase of 21%.

Since 2004, Unilever has cut its global workforce down to 179,000 from 223,000. Another 20,000 jobs cuts are expected to be made over the next four years, as well as further price increases.

Looking forward, Unilever Group Chief Executive, Patrick Cescau, said: “I am confident that we will achieve our outlook for 2007 given in August, and that our change programme leaves us well placed to deliver our longer-term objectives.”