Unilever Nigeria records 31% topline growth in Q3 2021

Unilever Nigeria Plc released its unaudited interim report for the period ended 30th September 2021.

Unilever Nigeria recorded turnover of N58.7 billion in the period under review which represents 31percent topline growth compared to N44.7 billion Turnover recorded in the corresponding period in 2020.

The result showed that the company recorded a gross profit of N15.9 billion for the period ended 30th September 2021 which is 61percent up versus N9.9 billion reported for same period last year.

Unilever Nigeria recorded profit after tax of N1.08 billion for the period ended 30th September 2021 compared to a loss after tax of N2.06 billion reported for the corresponding period in 2020.

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Unilever Nigeria

Speaking on the results, the Corporate Affairs and Sustainable Business Director, Soromidayo George said that, while the organisation remains focused on its strategy to deliver sustainable growth, Unilever is pleased with its performance, riding on the pillars of operational efficiency, cost optimization, 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.

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.