Helping earnings, the consumer goods firm cut the cash provision for loss likely to arise from trade and intercompany receivables by as much as 90.4 per cent.
Profit before tax stood at N2.1 billion in contrast to a loss of N4.4 billion a year before according to the document obtained from the Nigerian Exchange Limited. Last year, the Nigerian unit of British-owned Unilever Group sold its tea business in conformity to a global restructuring plan across the group, and ploughed the profit – N2.2 billion – into its operations.
That lifted the overall profit to N3.5 billion relative to 2020, when a loss of N4 billion was incurred.Unilever teed off operations in Nigeria in 1923 as a business, trading soap using the name Lever Brothers West Africa. It acquired a tea business in 1985 in
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.
FCMB Group’s full-year profit rises 6.5% but surging operating costs dampen earningsIts shares climbed 1.33 per cent to N3.04 per unit in Lagos following the news.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Airlines Crash Ticket Fares After Yuletide, New Year SalesAirfare across the country has crashed making air travel affordable to middle class after it went beyond their reach during the yuletide season. Breaking News Individual can now Buy Dangote cement directly from the factory via the marketing manager at A (PROMO PRICE) of 3000 Naira per bag minimum purchase of 100 bags and above call the Marketing Manager Mr Jimoh on 07049680896. Pay on Delivery for only Distributors.
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Petrol subsidy to bite harder as oil price rises to $90 per barrelOil prices continued to surge as Brent crude, global oil benchmark, climbed a eight-year high amid increasing demand for the commodity. Breaking News Individual can now Buy Dangote cement directly from the factory via the marketing manager at A (PROMO PRICE) of 3000 Naira per bag minimum purchase of 100 bags and above call the Marketing Manager Mr Jimoh on 07049680896. Pay on Delivery for only Distributors.
Source: thecableng - 🏆 2. / 80 Read more »
Amotekun apprehends 25-year-old suspected POS fraudster in OsunA 25-year-old suspected fraudster, Oderinde Wasiu Damilare, who specialises in defrauding Point Of Sales (POS) operators with fake bank alerts, has been
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Reps seek to create 111 seats for women at NASS, 108 at state assembliesThe Committee also rejected another bill seeking the reservation of 35 per cent of appointments for women................... This isn't our problem for now, joor. Then the women will be Men 🤣🤣🤣 You people are not prioritizing our priorities
Source: PremiumTimesng - 🏆 3. / 78 Read more »