Unilever Nigeria Q1 2019 profit after tax slumps 44%

Unilever Nigeria Plc has released its results for the first quarter ended March 2019.

Here are highlights of the results.

Revenue

Revenue dropped from N24.2 billion in 2018 to N19.2 billion in 2019. This amounts to a 20.6% decline year on year.

Profit before tax

Profit before tax also fell from N3.7 billion in 2018 to N2 billion in 2019. This amounts to a 45.9% decrease compared to the corresponding period in 2018.

Profit after tax

Profit after tax also declined from N2.7 billion in 2018 to N1.5 billion in 2019. This amounts to a 44.4% decrease quarter on quarter.

Earnings per Share

Earnings per share declined from N0.48 in 2018 to N0.26 in 2019. This amounts to a 45.8% decrease quarter on quarter.

Source: Nairametrics

Share this...
Share:

Author: see naija

Leave a Reply

Your email address will not be published. Required fields are marked *