Unilever Nigeria Plc has released its unaudited interim financial statements for the year ended 31 December 2020 with a slight growth in revenue to N61.572 billion from N60.758 billion in 2019.
The company loss for the period was cut by 62.31% to N1.592 billion from N4.224 billion loss in 2019.
- Revenue grew by 1.3% to N61.6bn from N60.8bn in the previous quarter.
- Loss before tax stood at N2bn.
- Loss after tax stood at N1.6bn.
- Net Assets declined by -2.4% from N66.5bn to N64.9bn
Unilever Nigeria Plc manufactures and markets consumer products primarily in the home, personal care and foods categories. The Company sells products such as Omo washing powder, Key soap, Royco bouillon, Lipton tea, Blue Band margarine, Pears baby care goods, Vaseline petroleum jelly, Lux soap, and Close Up toothpaste.
The result for the three months ended 31 December 2020 contributed to the loss reduction as it recorded a profit of N468.498 million as against N4.764 billion loss in Q4 2019. Revenue for three months ended 31 December 2020 rose to N16.840 billion from N9.130 billion in 2019.