UNILEVER Posts -N4.2 Billion Loss in 2019 in Unaudited Report

January 24, 2020

By InvestAdvocate

Lagos (INVESTADVOCATE)-Soap and detergent producer, Unilever Nigeria Plc said on Friday reported a Loss after tax of -N4.22 billion for the fourth quarter period ended December 31st, 2019.

The company also reported a Loss before tax of -N8.32 billion while evenue declined by -34 percent to N60.76 bilion from N92.03 billion in the previous quarter.

Net Assets of the soap and detergent manufacturer also declined by -15.5 percent to N69.9 bilion from N82.8 billion recorded the same period of last year.

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