Unilever Nigeria's profit in sharp fall, bank charges rise 137%

Unilever Nigeria's profit in sharp fall, bank charges rise 137%

Thursday, July 23, 2015 1:03 pm

Unilever Nigeria said on Thursday its half-year pretax profit fell to 94.07 million naira ($472,832), from 2.07 billion naira in the same period last year.

Turnover dropped to 28.72 billion naira in the six month period, compared 29.28 billion last year, the household consumer products maker said in a statement.

It said financial charges rose 137 percent to 1.61 billion naira in the period from 677.8 million naira the previous year.

Read the full financial report here: UNILEVER_HALF_YEAR_JUNE_2015_FINANCIAL_STATEMENTS_JULY_2015

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