Unilever Nigeria Plc. says it grew its gross profit from from N6.2bn to N9.9bn in the first half of 2021, ended June 30, representing 60 percent growth when compared to the corresponding period of 2020.
The company disclosed this on Sunday in a statement released on its unaudited interim report for the period, titled ‘1H 2021 unaudited report: Unilever Nigeria records 43 per cent growth on topline’.
“The company recorded turnover of N39.2bn in the period under review which represented 43 per cent topline growth compared to N27.3bn turnover recorded in the corresponding period in 2020,” it said.
Unilever recorded profit after tax of N0.72bn for the period ended June 30, 2021, compared to a loss after tax of N0.52bn reported for the corresponding period in 2020.
Speaking on the results, the Corporate Affairs and Sustainable Business Director, ‘Soromidayo George, said that the improved performance showed the commitment of Unilever to continue to implement strategies that would enable it to deliver value to its customers and shareholders.
“Unilever Nigeria remains focused on its strategy to deliver sustainable growth both in the medium and long-term,” George said.
The company said amidst the prevailing operational challenges of the environment, it would continue to focus on its vision of making sustainable living commonplace by serving Nigerian consumers with the right products that improve their health and wellbeing.