Unilever Nigeria reports N13.3bn revenue in Q1

Unilever Nigeria Plc has released its unaudited report for the period ended 31st March 2020.

The Company recorded turnover of N13.3 billion in the period under review.

This represents a 46 per cent increase compared to the previous quarter 2019 and a 31 per cent decline compared to N19.2billion recorded for the corresponding period, Q1 2019.

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The result shows the company also recorded profit after tax of N1.1billion for the period ended March  31, 2020 representing a 27per cent decline when compared to N1.5billion recorded for the period ended 31st March 2019.

The company through its Corporate Affairs Director, Mrs. ‘Soromidayo George, said that “Unilever Nigeria remains focused on its strategy to deliver sustainable growth and will continue to monitor the business environment and remain dynamic in its response to challenges to operations and the economy, in the light of COVID-19 pandemic.”