Unilever’ announced results for the first half of 2018 shows a solid all-round performance despite some challenging markets. Unilever’s profitability improved year on year with half year Profit after Tax up 35.9% from N2billion to about N2.8billion in the corresponding period.
Its reported gross revenue grew marginally by 7.50% from N22.9billion to N24.6billion in the corresponding period.
Earnings per share also grew 36% to stand at 49kobo away from the previous 36kobo of 2017.
At a price of N52, the company’s PE Ratio stood at 105.9x with an earnings yield below 1%.