NewStats: 3,264,173 , 8,182,864 topics. Date: Tuesday, 10 June 2025 at 02:28 AM 702kt

Unilever Nigeria Plc has released its 2023 Q2 unaudited results showing pre-tax profits fell 72.95% to N169.9 million.

The company reported an operating loss of N3.2 billion in the quarter under review as costs escalated beyond revenues.

The result is on the back of a 22.79% increase in the inflation rate in June 2023 as businesses and their consumers have had to deal with the rising cost of goods and services.

Unilever recorded losses of N3.28 billion due to rising costs of sales as the company restructured costs are raw and packaging materials written off due to the stoppage of production in the home care category and associated redundancy costs.

Cost of sales increased to N27.11 billion from N16.22 billion recorded in the same period last year.

Gross profit declined to N2.49 billion from N7.03 billion reported last year.

Pre-tax profit for the quarter declined by 72.95% to N169.94 million from N628.28 million in Q2 2022.

https://nairametrics.com/2023/07/24/breaking-unilever-nigeria-plc-reports-72-95-decline-in-pre-tax-profit-as-economy-bites/

You see bad governance, it affects everyone, even Dangote will feel it, he might get richer, no doubt, but he will feel the presence of bad governance in the environment, social life and so on, some people think tribal dominance is more important than good governance..

Like I have been telling them here, their eye will clear....

EmekaMD:
Time to buy shares

Oga it is very risky, I grew up seeing companies, especially in the manufacturing sector clo, from Dunlop to textile and many others I can't even now as a result of bad governance over the years, some of those companies are presently doing well in Ghana today....

This is just the beginning unless PO is made president.

Time to buy shares

This is crazy

DeTribalisedCit:


https://nairametrics.com/2023/07/24/breaking-unilever-nigeria-plc-reports-72-95-decline-in-pre-tax-profit-as-economy-bites/

APC grounded everything. Reason for high rate of unemployment. Cost of production, unrealistically exorbitant

APC brought a problem and now say we should endure why they solve the problem.

Buhari came and borrowed money from left, right and center. @ 2015 external debt was 7 billion dollars and by 2022 it hit 40 billion dollars now they are using 96% revenue to service debt

had it been they used just 20 billion from the loan to build refinery we won't be facing this crisis rather they used it for unproductive venture like building railways to Niger Republic which cost 2 billion dollars, search for oil in North East which cost 2.5 billion dollars plus other stupid spending

[size=14pt]As a business owner, do you know that you need to file your annual returns every year? It doesn't matter whether you have started business or not. Once your business is ed with CAC, you need to file annual returns after the expiration of 18 months after registration.
Failure to file attracts penalty. Also your business name becomes inactive on CAC portal. Also, if it's inactive for a long time, CAC may delist your business name or company from their . This means that the business no longer exists. Any interested person can then the same name.
If you want to file your annual returns so that your business becomes active, you can message me.[/size]

APC still selling shit to the country

Crazy

Tinibunomics

Jagaban the erudite economist.

Harvard, Yale, Stanford and Oxford trained.

I will be ok, Jesus would take care of it.

Don't fear those who can only kill the body rather fear those who can kill both body and soul in hell.

Do they expect miracle to happen when they opted out of business voluntarily. Awon werey

Useless country voting by ethnicity. Una never see anything. I've lost hope here.

Tinubunomics
On your mandate
It will favour me and my family 😂😂😂😂

Patience

Economists over to you now, explain better.

Don't worry, Tinubu's deflated,wrinkled manh**d will favour agbadorians and their family.

Julius1995:
Crazy. Election have consequences. We are reaping our choices of leadership here.

Na lie!
This condition no dey affect big people or big companies!!!

Ronu oooo!!!
Lele lele lele!!!!
Baby, oya Ronu oooo!!!!!!
La lala lala!!!!!

Competition dealing with Unilever.

So many of their products have serious competition, so it it expected.

They are not dominating the market anymore.

Make them no sack any worker o, that is my fear.



May God and our sense see us through.

They are all useless

This news will favor my family ijn

Ok

NinjaMetahuman:
Competition dealing with Unilever.

So many of their products have serious competition, so it it expected.

They are not dominating the market anymore.

Which competition?

NinjaMetahuman:
Competition dealing with Unilever.

So many of their products have serious competition, so it it expected.

They are not dominating the market anymore.

Tell me the competition that instantly destroyed 3/4 of their profits in the twink of an eye.

Tinubonomics. Jagaban the master strategist. The only first class ant.

This Unilever 72.9% decline in pre-tax profit shall favor me and my family.

bad economy bt that's not exactly news