Unilever declares N3.97bn loss in FY’20

Unilever Nigeria on Friday published its full year annual reports for the year end 31 December 2020.

The company reported a turnover of N61.96 billion, up by 2.43% from N60.49 billion reported the previous year.

A loss after tax of N3.966 billion was reported for 2020 financial year, which is an improvement from the N7.42 billion loss reported in 2019.

Earnings per share for the period under review improved to –N0.69 from the EPS of –N1.29.

At the share price of N12.55, P.E ratio of Unilever stands at -18.18x with earnings yield of -5.5%.

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