Unilever Nigeria Plc has declared a turnover of N60.5 billion for the financial year ended December 2019. Unilever Nigeroa Business
Unilever Nigeria Plc has declared a turnover of N60.5 billion for the financial year ended December 2019.
Addressing shareholders at the 95th Annual General Meeting of the Company, the Chairman of the Board, His Royal Majesty, Nnaemeka Achebe commended the shareholders for their trust and loyalty to the Company. He noted that despite the challenging business environment, which has now been complicated by the Covid-19 pandemic, the management at Unilever Nigeria will remain strategic in their approach to sustaining the Company’s operations to revert to profitable and sustainable growth.
These results reflect challenging operating conditions but also the company’s decision to tighten credit terms to address exposure from trade receivables and excess stock in trade to better position the company for innovation and a return to competitive growth.
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