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Shareholders of Unilever approve N5.29bn dividend payout

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Shareholders of Unilever Nigeria plc at its 88th annual general meeting (AGM) held in Lagos Thursday gave approval for the board to pay N1.40kobo dividend worth N5.29billion.

In the company’s financials for the year ended December 31, 2012, its income statement showed revenue at N55.547billion from N54.724billion in 2011. Its operating profit rose to N8.894billion against N8.197billion in 2011.

Profit before taxation in 2012 was N8.185billion against N8.018billion in 2011. Profit for the year in review was N5.597billion from N5.515billion. Earnings per share in 2012 rose to N1.48 from N1.46 in 2011.

Nnaemeka Achebe, chairman, Unilever Nigeria plc told shareholders at the annual general meeting that “within the context of a continuing tough business operating environment, Unilever Nigeria plc’s fundamentals held strong in 2012.”

He noted: “Our Company defied the challenging national and economic circumstances with strategic actions and investments which enabled it to weather the storms and deliver continued value to all its stakeholders.”

According to Achebe, “Unilever Nigeria plc has emerged a stronger business and more than ever fit to win in the market place. Our compelling vision continues to drive focus that will guarantee our ability to continue to win into the future.”