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Nairaland Forum / Nairaland / General / Business / Unilever Nigeria Grows Profit By 81% In Q1 2018 (350 Views)
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Unilever Nigeria Grows Profit By 81% In Q1 2018 by Abagworo(m): 12:22pm On Apr 20, 2018 |
WorldStage Newsonline– Unilever Nigeria has reported its Q1 2018 results which showed that sales grew by 16% to N25.8bn compared with same quarter last year while profit before tax (PBT) and profit after tax (PAT) grew faster by 80-81%. Although gross margin contracted by -72bps to 27.7%, this was not enough to offset the sales growth and a positive swing on the net interest line to N396m from a net finance charge of –N575m in the corresponding quarter of 2017, leading to the stronger bottom line. For the last three quarters, gross margins were above 30%; we attribute this to the improved macro environment and more particularly, the CBN’s intervention in the fx market through the NAFEX window. Management said that Unilever was working on attaining 100% sourcing of its packaging materials locally by 2019 and has begun engaging local farmers to reduce importation https://www.worldstagegroup.com/unilever-nigeria-grows-profit-by-81-in-q1-2018/ 1 Like 1 Share |
Re: Unilever Nigeria Grows Profit By 81% In Q1 2018 by rusher14: 2:04pm On Apr 20, 2018 |
Mostly positive indices for the big corporations. Good. |
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