Unilever grows revenue by 26% to N81.57bn in nine months

Consumer goods manufacturer, Unilever Nigeria Plc, grew its revenue by 25.95 per cent to N81.576bn in the period ending September 30, from N64.768bn recorded within the same period in 2022.

This was revealed in the unaudited interim financial statements for the nine months ended September 30, 2023 filed with the Nigerian Exchange Limited on Friday.

In the period under review, the group also returned a profit of N1.669bn from a loss of N348m as September 30, 2022. This was driven by an increase in its net finance income which rose to N3.179bn from a loss of N70m in 2022.

However, for the third quarter, the consumer goods company moderated its losses by 51.60 per cent to N1.091bn from N2.254bn recorded in the same period in 2022. Its revenue for the three months rose by 30.57 per cent to N27.371bn from N20.962bn in the same period in 2022.

Source: punch