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Unilever declares N60.487b turnover - Printable Version +- Forums (http://contripeople.com) +-- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=5) +--- Forum: Market Place (http://contripeople.com/forumdisplay.php?fid=77) +--- Thread: Unilever declares N60.487b turnover (/showthread.php?tid=36559)

Unilever declares N60.487b turnover - Edoman - 07-21-2020 Unilever declares N60.487b turnover July 21, 2020 [/url] Unilever Nigeria Plc [url=https://thenationonlineng.net/wp-content/uploads/2020/07/Unilever-Nigeria-Plc.jpg]   Unilever Nigeria Plc has declared a turnover of N60.5 billion for the financial year ended December 2019. This amount represents a decline compared to N92.89billion the firm recorded in the year ended December 2018. Profit after tax (PAT) showed a decline at N7.42billion for 2019 compared to N10.55billion recorded for the year ended December 2018. Addressing shareholders at the 95th Annual General Meeting of the company,  its Chairman, Nnaemeka Achebe, commended the shareholders for their trust and loyalty to the company. He noted that despite the challenging business environment, which has been complicated by the Covid-19 pandemic, the management at Unilever Nigeria would remain strategic in their approach to sustaining the company’s operations to revert to profitable and sustainable growth. “Although we are not declaring dividend for FY 2019, we are optimistic because our results show that we made progress in some other critical areas of our operations which speaks to the fact that we are on the right path to growing our business for profitability and better returns on investment for our shareholders. Therefore, the task before the Board and Management is to drive our strategic objectives that would not only keep the business afloat but also ensure it operates efficiently,” Achebe said. The Board also assured the shareholders of their commitment to good corporate governance that would, in turn, drive sustainability and efficiency across every aspect of the company’s operations.