Results & Dividends

Unilever Nigeria Q2 Post Tax Profit Down 46.6 Percent

Posted by InvestAdvocate on

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By InvestAdvocate
Lagos (INVESTADVOCATE)-Soap maker, Unilever Nigeria Plc said on Friday that its post tax profit went down 46.6 percent to N1.464 billion in the second quarter (Q2) of 2014 from N2.740 billion reported in the same period of 2013.

In the same vein pretax profit declined 47.6 percent to N2.077 billion in the Q2 of 2014 from N3.962 billion recorded in the corresponding period of 2013.

Also, revenue of the Nigeria soap maker decreased 1.3 percent to N29.280 billion in the Q2 of 2014 from N29.667 in the Q2 of 2013 according to the filing of Unilever Nigeria to the Nigerian Stock exchange (NSE).

Share price of the company dropped 0.43 percent losing 23 kobo as it opened trading at N53.00 and closed at N52.77.

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