Unilever Proposes N189.16million Dividend at 5kobo Per Share

Unilever Nigeria Plc has said that it has recommended N189.16 million dividend to its shareholders for the 2015 audited financial year end.

In its corporate action filed with the Nigerian Stock Exchange, NSE, the company said that the sum amounts to a 5 kobo per share dividend.

Unilever, in its result under the period shows 6.2 per cent growth in turnover from N55.7 billion for the year ended December 2014 to N59.2 billion for the year ended December 2015.

The company’s fourth quarter results show extraordinary recovery across major indices. Stand-alone results for the period reflect a turnover growth of 36.3 per cent against N12.12 billion in 2014 and profit after tax for the full year dipped by 51 per cent from N2.4 billion in 2014 to N1.19 billion in 2015.

Capital market analysts said that the company’s performance was strong in the fourth quarter (October to December), saying that the result was positively surprising, considering that Unilever had a disappointing run over the first nine months of 2015.

The cost of sales increased by 7.2 per cent to N38 billion for the year ended December 2015 from N36 billion recorded in the corresponding period in 2014.