Unilever Nigeria posted a profit after tax of N6 billion for the financial year 2022
The company’s share price had jumped 9.9 per cent to N12.2 at 13:19 WAT as buy orders from investors flooded Lagos’ Custom Street following the news, taking the stock to the top of the gainers’ table.
Finance income grew by almost four-fifths to N1.8 billion, wholly driven by notable improvement in interest on call deposits and bank accounts. “The agreement will be in place for a period of 15 months, during which time Unilever would provide production and sales support to Unilever Tea MSO Nigeria Limited in exchange for a fee”, the earnings report said.
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