Shareholders at the 94th Annual General Meeting of Unilever Nigeria Plc have commended the company’s management for their commitment to growth as the company declares a N8.62 bn dividend. The shareholders did not hesitate in giving their approval for the declared sum, even as they charged the management to remain focused despite the challenging economic landscape in Nigeria. The dividend translates to a dividend payout of N1.50 kobo gross per share.
Turnover from Continuing operations increased by 9 per cent from N85.2bn in 2017 to N92.9 bn in 2018. Profit After Tax for the year ended 2018 improved significantly by 42 per cent to N10.55 bn compared to N7.45 bn reported for the year ended 31 December 2017. Addressing the shareholders at the meeting, the Chairman of the Board, His Royal Majesty Nnaemeka Achebe, said Unilever Nigeria has again demonstrated business resilience. He asserted that the company’s performance shows its commitment to ensure shareholders get returns on their investments.
“The company’s performance for the year ended 31 December 2018 shows impressive growth and resilience. Despite the economic challenges, we have remained focused on our short and long-term growth ambitions with strong emphasis on operational intensity, cost optimization, growing market share across key categories as well as reinvesting in our business.” Achebe said.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warri, Kaduna, Port Harcourt refineries post N8.36bn deficit - Vanguard NewsThe dismal performance of the country’s three refineries, Warri, Port Harcourt and Kaduna refineries, continued, as the refineries posted operating deficit vanguardngr ...and when Atiku talked about privatizing them for effective and efficient management, wailers misquoted him just for fun. vanguardngr Sorry are they working. vanguardngr & myopic Nigerians would insist those ' cost centres' shld not be privatized.What liability!
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Execution of N8.916tr budget under threat | The Guardian Nigeria News - Nigeria and World NewsBarely two weeks after the National Assembly passed the N8.916 trillion budget for 2019, the implementation of the financial plan is already being threatened by the spate of vandalism of oil pipelines across the country. Nigeria 2019Budget
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Breaking: Sultan declares Monday as 1st of Ramadan - Vanguard NewsAlhaji Sa’ad Abubakar III, the Sultan of Sokoto has declared Monday as the first day of Ramadan fast in Nigeria.............................................
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Declare state of emergency on crude oil theft , expert tells FG - Vanguard NewsOil and Gas expert, Meka Olowola, has charged the Federal Government to declare a state of emergency in the oil and gas sector owing to alarming rates of ...
Source: vanguardngrnews - 🏆 5. / 75 Read more »
FG under-declared crude export: Court strikes FG’s suit against Agip, Brasoil - Vanguard NewsA Federal High Court in Lagos yesterday, dismissed the suit by the Federal Government against the Nigeria Agip Oil Company Limited over alleged under-declared crude oil export. vanguardngr Government of pretence. So what happens to the money for products not declared?
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Okowa declares state of emergency on water, sanitation - Vanguard NewsGOVERNOR Ifeanyi Okowa of Delta State has declared a state of emergency on the water and sanitation sectors of the state, observing that a lot was required for the nation to provide public water and sanitation facilities for her growing population.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Nigeria’s Muhammad-Bande declares for UNGA presidency - Vanguard NewsNigeria’s Permanent Representative to the United Nations, Prof. Tijani Muhammad-Bande, has formally declared his intention to vie for the presidency of the 74th UN General Assembly (UNGA).
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Interswitch, British firm sign multi-billion Naira deal on transportation ticketing - Vanguard NewsNigeria Pan-African integrated digital payments and commerce company, Interswitch Group, has signed a multi-billion Naira deal with Bekoz UK Ltd, a British transport ticketing company to enhance transportation ticketing in Nigeria. vanguardngr Love this
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Diversification, economic growth take centerstage as RenCap holds conference - Vanguard NewsInvestment bank, Renaissance Capital will focus on economic diversification and growth as it holds the 10th edition of the annual Pan-Africa 1:1 Investor
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Bombing: Mass holds behind close doors in Sri Lanka - Vanguard NewsMass was held behind closed doors on Sunday at St Anthony’s Church in Colombo, the third church bombed on Easter day in Sri Lanka.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Senate Presidency: Northern group holds rally for Goje to declare – Daily TrustThe North West Wing of the Coalition of Northern Youth Organizations, CNYO, on Thursday held a peaceful rally in Kaduna and called...
Source: Daily Trust - 🏆 13. / 51 Read more »