Unilever Nigeria Plc has revealed its unaudited interim report for the six-month period ending June 30, 2023, showcasing an impressive financial performance and commitment to purposeful growth.
During the period under review, Unilever Nigeria achieved a remarkable N54.2 billion in turnover, reflecting a staggering 24% growth compared to the N43.8 billion turnover recorded in the corresponding period in 2022.
While the company recorded a gross profit of N13.1 billion for H1 2023, there was a slight 8% drop compared to the N14.2 billion reported for the same period in the previous year.
Nevertheless, the results remained promising, as Unilever Nigeria recorded a profit for the year from continuing operations of N2.8 billion for H1 2023.
This represents a remarkable 45% increase from the profit of N1.9 billion achieved in the corresponding period in 2022.
Unilever’s Managing Director, Tim Kleinebenne, expressed delight in the company’s performance and emphasized its commitment to the 4G growth model – competitive, consistent, profitable, and responsible growth.
The pillars of operational efficiency, cost optimization, purposeful brands, and expanding market share across key categories have been instrumental in driving Unilever Nigeria’s progress.
Kleinebenne stated, “Unilever Nigeria remains focused on delivering value to citizens by meeting their needs in health and hygiene through our brands and products.”
