UNILEVER Reports N4 Billion Loss in 2020 FYE

By InvestAdvocate

Image Credit: Unilever

Lagos (INVESTADVOCATE)-Soap and detergent producer, Unilever Nigeria Plc has reported a Loss after tax of N4.0 billion for the audited period ended December 31, 2020 compared to a loss after tax of N7.42 billion reported a year ago.

The company also reported a Loss before tax of N4.7 billion compared to a loss before tax of N10 billion in the corresponding period of 2019.

Revenue of Unilever Nigeria. inched up +2.4 percent to N61.96 billion from N60.48 billion in the previous year.

Net Assets of the soap and detergent manufacturer also declined by -6.6 percent to N62.12 billion from N66.55 billion recorded the same period of last year.

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