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Unilever Nigeria Plc has announced a 30.09 per cent rise in its revenue for the year ended December 31, 2017, from N69,777 billion in 2016 to N90,771 billion in 2017.
According to the company’s result posted on the Nigerian Stock Exchange website, the board of directors has recommend N2,872 billion to shareholders as dividend amounting to 50 kobo per share.
Although closure was not disclose, payment date is on Friday May 11, 2018. According to the audited financial statement profit before taxation went up by 172.92 percent from N4,106 billion in 2016 to N11,207 billion in 2017. Profit after tax stood at N7,450 billion up by 142.52 percent compared with N3,071 billion that was recorded same period in 2016.
Operating profit was up by 123.08 percent from N5,805 billion in 2016 to N12,949 billion in 2017. Earnings per share stood at 1.78 in 2017 which is above 0.81 that was recorded in 2016. The Company is principally involved in the manufacture and marketing of foods, food ingredients and home and personal care products. It has manufacturing sites in Oregun, Lagos State and Agbara, Ogun State.
Photo Caption: HIS MAJESTY NNAEMEKA A. ACHEBE CFR, MNI – Non-Executive Chairman Unilever Nigeria Plc.
