Culled—Proshare July 24, 2020 By FBNQuest Research Marked reductions to earnings forecast Unilever Nigeria’s (Unilever) Q2 2020 pretax loss of -N1.5bn was well below our PBT forecast of N115bn largely due to 35% and 6.5x negative surprises in opex and other operating losses respectively. In absolute terms, the results are […]
Results & Dividends
UNILEVER H1-2020 Unaudited Result: Tight credit terms and lockdown woes derail performance
July 22, 2020/United Capital Report Recently, Unilever Nigeria Plc (UNILEVER) published its unaudited H1-2020 financial result. According to the report, Revenue sharply declined by 35.9%y/y to N27.3bn, amid the continued negative impact of the management’s decision to tighten credit terms since H2-2019, on the y/y volume growth. Overall, the company […]
Unilever Nigeria Plc Q2-20 : Third Loss in Four Quarters as Margin Pressure Intensifies
July 21, 2020/Cordros Report UNILEVER published Q2-20 and H1-20 results after the close of market yesterday, which showed that the company’s EPS declined by 181.9% y/y in Q2, implying a post-tax loss of NGN1.63 billion – the company’s third loss in the last four quarters. The y/y EPS decline was […]
