July 23, 2024/CSL Research In its H1 2024 earnings report, Unilever Nigeria Plc. (Unilever) posted a 40.9%y/y Revenue growth, increasing to N63.91bn from N45.35bn in H1 2023. This growth was driven by both volume and price increases. The company’s food products segment was the largest contributor to total Revenue, with […]
Results & Dividends
Unilever Nigeria Plc Q2-24: Weak Operating Performance, Higher Tax Slows Earnings Growth
July 23, 2024/Cordros Report Unilever Nigeria Plc (UNILEVER) published its Q2-24 unaudited results today, reporting earnings per share of NGN0.19 (Q2-23: NGN0.22), thus bringing H1-24 EPS to NGN0.77 (H1-23: NGN0.71). UNILEVER’s Q2-24 earnings was impacted by a significantly higher effective tax rate of 43.8% (Q2-23: 5.8%). UNILEVER’s revenue increased by […]
The Glorious Dividend: Reinvesting Dividends for Superior Returns
July 8, 2024/Coronation Research For many Nigerian investors, dividends are a welcome reward for their trust in a company. They represent a portion of a company’s profit shared directly with shareholders. But what if we told you there is a strategy to turn this reward into an even greater return? […]
