By InvestAdvocate

Lagos (INVESTADVOCATE)-Soap and detergent makers, Unilever Nigeria Plc said on Thursday its first-half  (H1) 2015 pretax profit declined 95.5 percent to N94.070 billion from N2.077 billion recorded a year earlier.

Similarly, post tax profit dipped 94.2 percent to N85.573 billion from N1.465 billion reported in the first-half period of 2014.

Revenue of the soap maker declined slightly from N29.280 billion in the H1 period of 2014 to N28.722 billion; showing a marginal decline of 1.9 percent, Unilever Nigeria said in a filing with the Nigerian Stock Exchange (NSE).

Shares of the company dropped 2.05 percent from N38.10 in Wednesday’s session to N37.32 at the close of Thursday’s transactions on the Nigeria bourse; losing 0.78 kobo per share.