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Unilever Nigeria Grows Profit By 60% In Six Months

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Unilever Nigeria PLC has disclosed that its gross profit increased by 60% to N9.9bn for the 6-month period ended June 30, 2021 from N6.2bn in the corresponding period of 2020.

The company disclosed this in a statement released on its unaudited interim report which was titled 1H 2021 unaudited report: Unilever Nigeria records 43% growth on topline”.

“The company recorded turnover of N39.2bn in the period under review which represented 43% topline growth compared to N27.3bn turnover recorded in the corresponding period in 2020,” the statement said.

Unilever recorded profit after tax of N0.72bn for the period ended June 30,2021, compared to a loss after tax of N0.52bn reported for the corresponding period in 2020.

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Speaking on the results, The Corporate Affairs and Sustainable Business Director, Soromidayo George, said that the improved performance showed the commitment of Unilever to continue to implement strategies that would help it to deliver value to its customers and shareholders.

“Unilever Nigeria remains focused on its strategy to deliver sustainable growth both in the medium and long-term,” George said.

The company said amidst the prevailing operational challenges of the environment, it would continue to focus on its vision of making sustainable living commonplace by serving Nigerian consumers with the right products that improve their health and wellbeing.

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