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Friday, June 14, 2024

Nigeria: Unilever Nigeria Records 51% Turnover Growth In 2023

The unaudited interim report for the 12-month period ended December 31, 2023, was released by Unilever Nigeria Plc.

In comparison to the N64.6 billion in turnover recorded in the corresponding period in 2022, the Company’s turnover of N97.4 billion during the period under review represents a 51% topline growth.

The company’s gross profit increased by 13% to N29.8 billion for the period ending 31st December 2023, while net profit for the total business grew by 91% to N8.5 billion, and net profit from ongoing operations by 106% to N12.3 billion.

Unilever Nigeria Managing Director, Tim Kleinebenne, announced positive results in 2023, highlighting operational efficiency, cost optimization, and increasing market share.

Unilever Nigeria, the longest-serving manufacturing company in Nigeria, is committed to serving citizens with locally made brands and contributing positively to the country.

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