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Unilever Nigeria records 26% turnover growth



Unilever Nigeria Plc has declared a turnover of N81.6 billion for the nine months ended Sept. 30, 2023.

The company’s Managing Director, Tim Kleinebenne, made this known via its unaudited interim report on Friday in Lagos.

Kleinebenne said the turnover represented a growth of 26 per cent when compared with N64.8 billion achieved in the corresponding period of 2022.

He said that the company’s gross profit stood at N19.4 billion for the period under review against N17.2 billion reported for same period last year, an increase of 13 per cent.

“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.

“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,” he said.

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Rukayat Moisemhe

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.



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