April 19, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-Soap and detergent producer, Unilever Nigeria Plc on Thursday said its pretax profit for the first quarter (Q1) period ended March 31, 2018 increased 80 percent to N3.92 billion from N2.18 billion declared a year ago.

Likewise, post-tax profit soared 80.9 percent to N2.89 billion from N1.60 billion posted the same period of 2017.

Revenue of Unilever increased from N22.17 billion in 2017  Q1 to N25.81 billion in the review period of 2018; indicating an increase of 16.4 percent, the soap and detergent producer said in a filing with the Nigerian Stock Exchange (NSE).