Unilever’s 2022 Net Profit, Turnover Hit N4.4b, N88.5b Respectively


Unilever Nigeria Plc recently released its audited report for the year 2022 with a turnover of N88.5 billion which represents 26% topline growth compared to the N70.5 billion recorded in the previous year.

The company also declared a net profit of N4.4 billion for the year 2022 compared to the previous year’s profit of N3.4 billion.

A gross profit of N31.1 billion was also recorded for the year 2022 which is a 53% increase compared to the N20.3 billion recorded in 2021.

Speaking on the result, the Managing Director, Carl Cruz said “Unilever Nigeria remained focused on the delivery of its 46 growth model of competitive, profitable, and responsible growth.”

“We are pleased with the performance progress riding on the pillars of operational efficiency, cost optimization, purposeful brands, and increasing market share across key categories.”

“Unilever Nigeria will continue to strengthen its operation in the country to meet citizen’s needs in health and hygiene through our brands and products,” he added.

The company also announced that shareholders will receive a final dividend of 25 kobo per share for the financial year ending December 2022, representing a total dividend payout of N1.45 billion.

This is according to a corporate action sent to the Nigerian Exchange Limited (NGX).

According to the company, the dividend is subject to shareholders approval, also approximating withholding tax will be paid and dividend will be shared to shareholders whose names appear in the Register of Members at the close of business on Monday 17, April 2023.

The statement further disclosed that those who have completed the e-dividend registration will mandate the Registrar to pay their dividend directly into their bank accounts.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on the website of the Registrars.

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