Unilever Nigeria grows half-year turnover by 43%

Unilever Nigeria Plc has released its unaudited interim financial report for the half-year (H1) period ended June 30, 2021. The Company recorded a turnover of N39.2 billion in the period under review which represents 43percent topline growth compared to N27.3 billion turnover recorded in the corresponding period in 2020.

The result showed that the company recorded a gross profit of N9.9 billion for the period ended June 30, 2021, which is 60percent up versus N6.2 billion reported for the same period last year.

Overall, Unilever recorded a profit after tax of N0.72 billion for the period ended June 30, 2021, compared to a loss after tax of N0.52 billion 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 improved performance shows the commitment of Unilever to continue to implement strategies that would enable 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,” said George.

Amidst the prevailing operational challenges of the environment, Unilever Nigeria will 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.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.