Recently, Unilever Nigeria Plc (“UNILEVER” or “the company”) published its Unaudited H1-2021 financial result. According to the report, Revenue grew strongly in H1-2021, up by 43.2% y/y to N39.2bn from N27.3bn in H1-2020. Similarly, Q2-2021 Revenue performance grew 40.8% y/y indicating revenue resilience. However, the company continues to face noticeable cost pressures which exerts sustained pressure on profitability. Nevertheless, the company turned a corner on profitability after posting a Net income of N0.7bn in H1-2021, from a loss of N0.5bn in H1-2020 ...
