Unilever Nigeria Plc reports N4.44bn as profit in H1 2024

Unilever Nigeria Plc on Tuesday published its Second Quarter report for the period ended 30 June 2024. The report shows significant growth in the Company’s topline and bottom line figures, year on year.

The Company reported revenue of N63.909 billion for the 6 months period, up by 40.92% from N45.35 billion reported the previous year.

Profit after tax grew year on year by 60.67% to N4.437 billion from N2.762 billion reported the previous year.

Earnings per share of the Company stands at N0.77.

At the share price of N18.1, the P/E ratio of Unilever stands at 23.43x with earnings yield of 4.27%.

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