Unilever Nigeria Records 26% Growth In Turnover

Unilever Nigeria Plc has declared 26 per cent growth turnover in its unaudited interim report for the nine months ended September 30, 2023.

This was contained in the company Q3 results released on the Nigerian Exchange (NGX) Limited, as the company’s turnover stood at N81.6 billion in the period under review as against N64.8 billion turnover recorded in the corresponding period in 2022.

The company recorded a gross profit of N19.4 billion for the period ended September 30, 2023 which is 13 per cent increase versus N17.2 billion reported for the same period last year.

The result showed a profit for the period from continuing operations of N1.7 billion in September 2023 compared to a loss for the corresponding period in 2022 of N0.3 billion.

Speaking on the results, the managing director of Unilever Nigeria, Tim Kleinebenne, 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 stated that, Unilever Nigeria will continue to strengthen its operations in the country to meet citizen’s needs in health and hygiene through our brands

As a centenary old company and the longest serving manufacturing company in Nigeria, Unilever Nigeria is committed to ensuring continuous socioeconomic impact and investment in Nigeria through its brands and operations.

Unilever Nigeria is a locally listed business that has been operating for 100 years selling brands such as Knorr, Royco, Vaseline, Pepsodent and Closeup.