“Unilever Nigeria Reports 26% Surge in Turnover for Q3 2023”


Unilever Nigeria Plc has unveiled its unaudited interim financial report for the nine months ending on September 30, 2023.

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During this period, the company’s turnover surged by 26% to N81.6 billion, a significant increase from the N64.8 billion turnover recorded in the same period in 2022.

With a commitment to contributing to Nigeria’s socioeconomic development, Unilever Nigeria emphasized its role as the longest-serving manufacturing company in the nation.

Furthermore, the company reported a gross profit of N19.4 billion, marking a 13% rise from the N17.2 billion recorded in the corresponding period last year.

The company’s profit for the period from continuing operations also experienced substantial growth, increasing by 580% from N350 million in 2022 to N1.7 billion in 2023.

Tim Kleinebenne, the Managing Director of Unilever Nigeria, expressed the company’s dedication to its 4G growth model and its ongoing efforts to provide essential health and hygiene solutions through its brands.

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