ALERT: Unilever Post 54% Growth In Profit (2017 3Months)

Unilever today released unaudited results for the three months ended 31 March 2017. Revenue N’million Q1 2017| N22,172 Also Read Guinness Nigeria says weak balance sheet is gone, bets N20 billion on growthGeregu Power pays N6 billion owed investors on N40.09 billion bondZenith Bank gets NGX approval for six-week extension on H1 2026 results […]

Unilever today released unaudited results for the three months ended 31 March 2017.

Revenue N’million

Q1 2017| N22,172

Q1 2016| N16,782

%age change|32%

Profit after tax N’million

Q1 2017| N1,603

Q1 2016| N1,041

%age change|54%

EPS (kobo)

Q1 2017|42K

Q1 2016|28K

%age change|50%

[gview file=”https://nairametrics.com/wp-content/uploads/2017/04/UNILEVER_-_Q1_MARCH_2017_FINANCIAL_STATEMENTS_APRIL_2017.pdf”]

Comments 1

Blesxzoh

April 19, 2017 · 1:39 pm

Good result for them. Management must have managed selling and admin expenses well as it dropped significantly. However, thinning gross margin which characterizes our business environment possibly due to sourcing of some raw materials off the shores (externally) was observed. Gross margin declined from about 36% to 28%. Hopefully, a level of normalization could be reached if currency stabilizes.

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