Unilever Nigeria Plc has released its unaudited interim financial statements for the nine months ended September 30, 2023.
The company recorded turnover of N81.6 billion in the period under review which represents 26percent topline growth compared to N64.8 billion turnover recorded in the corresponding period in 2022.
As a centenary old company and the longest serving manufacturing company in Nigeria, Unilever Nigeria said it is committed to ensuring continuous socioeconomic impact and investment in Nigeria through its brands and operations.
The company recorded a gross profit of N19.4 billion for the period ended September 30, 2023 which is 13percent increase versus N17.2 billion reported for same period last year.
The result showed a profit for the period from continuing operations of N1.7billion for the period ended September 30, 2023 compared to a loss for the corresponding period in 2022 of N350million which is 580percent up versus 2022.
Speaking on the results, Tim Kleinebenne, Managing Director, Unilever Nigeria said, “Unilever Nigeria remains focused on the delivery of its 4G growth model of competitive, consistent, profitable, and responsible growth. Unilever is pleased with its performance progress riding on the pillars of operational efficiency, cost optimization, purposeful brands and increasing market share across key categories.”
“Unilever Nigeria will continue to strengthen its operations in the country to meet citizen’s needs in health and hygiene through our brands,” he added.
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