Consumer Goods producing firm, Unilever Nigeria Plc has recorded a profit after tax of N3.1 billion for the financial year ended 31st December 2016, a 158 percent improvement over N1.1 billion reported in 2016.
The Directors of Unilever have thereforerecommend to the shareholders the payment of a dividend of N378,330,000 that is, 10 kobo gross per share which is payable on Friday 12 May 2017, subject to shareholder approval and deduction of appropriate withholding tax.
Other highlights from the company’s results released on the Nigerian Stock Exchange showed, revenue grew 18 percent to N69.8 billion from N59.2 billion while Profit before tax increased to N4.1 billion from N1.8 billion.
The company’s balance sheet showed that Total Assets rose to N72.5 billion from N50.2 billion while shareholders funds surged 46 percent to N11.7 billion from N8 billion recorded in 2015, Worldstage reports.
