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 […]
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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 […]
MPC Increases the MPR by 50bps to 26.75%
July 23, 2024/Cordros Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at today’s policy meeting, voted to: Raise the MPR by 50bps to 26.75% (Previously: 26.25%) Adjust the asymmetric corridor to +500bps/-100bps (Previously: +100bps/-300bps) Retain CRR for Deposit Money Banks at 45.0%, and Merchant Banks […]
