February 29, 2024
Unilever Nigeria Records 51% Growth In Turnover In 2023
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Unilever Nigeria Records 51% Growth In Turnover In 2023

Unilever Nigeria Plc has recorded a turnover of 51% topline growth in its unaudited interim report for the twelve months ended 31st December 2023. 

The company recorded a gross profit of N29.8 billion for the period ended 31st December 2023 which is 13% increase versus N26.3 billion reported for the same period 2022.

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Net profit for the total business grew 91% to N8.5 billion for the period ended 31st December 2023 compared to the N4.5bn net profit from the corresponding period in 2022.

The Net profit from ongoing operations, adjusting for portfolio changes made in 2023, grew 106% to N12.3 billion for the period ended 31st December 2023 compared to the like-for-like portfolio net profit of N6.0 billion for the corresponding period in 2022.

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