By Muyiwa Lucas
Unilever Nigeria Plc has declared a turnover of N60.5 billion for the monetary yr ended December 2019.
This quantity represents a decline in comparison with N92.89billion the agency recorded within the yr ended December 2018.
Revenue after tax (PAT) confirmed a decline at N7.42billion for 2019 in comparison with N10.55billion recorded for the yr ended December 2018.
Addressing shareholders on the 95th Annual Common Assembly of the corporate, its Chairman, Nnaemeka Achebe, counseled the shareholders for his or her belief and loyalty to the corporate.
He famous that regardless of the difficult enterprise setting, which has been sophisticated by the Covid-19 pandemic, the administration at Unilever Nigeria would stay strategic of their strategy to sustaining the corporate’s operations to revert to worthwhile and sustainable progress.
“Though we aren’t declaring dividend for FY 2019, we’re optimistic as a result of our outcomes present that we made progress in another crucial areas of our operations which speaks to the truth that we’re on the best path to rising our enterprise for profitability and higher returns on funding for our shareholders.
Subsequently, the duty earlier than the Board and Administration is to drive our strategic goals that may not solely preserve the enterprise afloat but in addition guarantee it operates effectively,” Achebe stated.
The Board additionally assured the shareholders of their dedication to good company governance that may, in flip, drive sustainability and effectivity throughout each side of the corporate’s operations.