Finance

Unilever Nigeria grows quarterly revenue by 31%

Unilever Nigeria to exit home care, skin cleansing markets

Unilever Nigeria Plc has said it recorded a turnover of N58.7bn in the third quarter of 2021, compared to N44.7bn in the corresponding period in 2020.

The company said this on Thursday in a statement on its unaudited interim report for the period ended September 30, 2021.

Read:  Jubilation as FG lifts Twitter suspension

It recorded a gross profit of N15.9bn in the period under review, up 61 per cent from the N9.9bn reported for same period of 2020.

Unilever reported a profit after tax of N1.08bn in Q3 2021, compared with a loss after tax of N2.06bn reported for the corresponding period in 2020.

Read:  NGX lists FGN Multi-Tranche $4bn Eurobonds

Speaking on the results, the Corporate Affairs and Sustainable Business Director, Soromidayo George, said while the company remained focused on its strategy to deliver sustainable growth, it was pleased with its performance, riding on the pillars of operational efficiency, cost optimisation, purposeful brands and increasing market share across key categories.

“Unilever Nigeria will continue to monitor the business environment and respond appropriately to the challenges in the operating environment as well as disruptions from the COVID-19 pandemic,” she added.

Read:  Operator pleads for cryptocurrency regulation

Punch

Related posts

BREAKING: CBN directs banks to pay N20,000 new notes over the counter

NigGal

World Bank says Nigerians got richer as Income Per Capita surges to $5,250 in 2021.

NigGal

Airtel Africa appoints Olusegun Ogunsanya as CEO

NigGal

BoI disburses N19.7bn to 3,000 enterprises

NigGal

Amid currency crisis, reserves gain $5 billion in 2021

NigGal

Q3 2021: Fidelity Bank’s profit up 31.4% as deposits hit N1.973trn

NigGal

Leave a Comment