Unilever Records 26 Per Cent Increase In Profit

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For the year ended December 31, 2022, Unilever Nigeria Plc has recorded a turnover growth of 26 per cent.

This is according to the company’s results released on the Nigerian Exchange Limited, which showed that turnover grew to N88.5 billion in the year under review compared to N70.5 billion recorded in the corresponding year of 2021.

The company recorded a gross profit of N31.1 billion as against N20.3 billion reported for the same period last year. 

The report also revealed that the company recorded net profit of N4.4 billion from N3.4 billion (including profit from discontinued operations)

Speaking on the results, the managing director of Unilever Nigeria, Carl Cruz, said: “Unilever Nigeria remains focused on the delivery of its 4G growth model of competitive, consistent, profitable, and responsible growth.

“Unilever is pleased with its performance progress riding on the pillars of operational efficiency, cost optimization, purposeful brands and increasing market share across key categories.”

He added that “Unilever Nigeria will continue to strengthen its operations in the country to meet citizen’s needs in health and hygiene through our brands and products.”

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