Unilever sheds N519m in HY 2020 financial report

Adebayo Obajemu

Unilever Nigeria Plc on Monday published its half year report on the website of the Nigerian Stock Exchange. The firm declared a loss of N519 million for the first half of the year.

For the first six months of the year 2020, Unilever achieved a turnover of N27.34 billion, down by 35.91% compared to the turnover of N42.66 billion reported in the first half of 2019.

Earnings per share for the period under review is -9 kobo, far below the earnings per share 61 kobo in half year 2019.

With reference to the share price of N12.85, the P.E ratio of Unilever is calculated as -142.78x with earnings yield of -0.7%