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Unilever Nigeria Q2 2012 PAT Down by 4.7%

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unileverBy Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Unilever Nigeria Plc Friday posted a 4.7 percent (-4.7%) decline in Profit After Tax (PAT) for the Second Quarter (Q2) Report for the Period Ended June 30 2012.

To record the decline in PAT, the Consumer Product Giants recorded N2.834 billion in the Q2 of 2012 compared to N2.707 billion in the same period of year 2011; indicating a -4.7% decline.

Profit Before Tax (PBT) also dropped from N3.927 billion in the Q2 of year 2011 compared to N3.819 billion in the review period of year 2012; showing a drop of -2.8%.

Turnover appreciated slightly by 1.2% as the Company recorded N26.919 billion in the Q2 of year 2012 compared to N26.599 billion in the same period of year 2011.

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