Consumer goods giant Unilever Nigeria Plc has doubled its full year profit, helped by easing inflation and a strengthening Naira, taking its turnover to new highs.
According to its released interim unaudited financial results, the Lagos-based consumer goods firm's net profit doubled to N31 billion, up from N15 billion in the same period of 2024.
Its revenue increased to N215 billion, representing a 44 per cent increase from the N150 billion recorded in the same period in 2024. Gross profit increased by 32 per cent to N90 billion in the same period.
The company's Managing Director, Tobi Adeniyi, attributed the significant growth in earnings to the continued momentum from the company's route-to-market expansion, well-optimized operational structure and strong demand across its product line.
“With a proud heritage of over 100 years of manufacturing in Nigeria, every product and every experience reflects our heritage of innovation and our unwavering commitment to quality. Through our trusted brands, we continue to brighten everyday life for everyone,” Adeniyi said.
