Home Business Unilever, Cadbury record N41bn revenue
Unilever, Cadbury record N41bn revenue
Unilever Nigeria Plc and Cadbury Nigeria Plc have released their unaudited financial statements for Q1 2023, reporting a total revenue of N41bn.
Unilever Nigeria recorded N24.60bn in revenue, while Cadbury Nigeria Plc posted N16.56bn, representing a 30% increase from the same period in 2022.
Cadbury's profit before tax for Q1 2023 was N4.933bn, compared to N2.202bn in Q1 2022, while its profit after tax was N3.453bn, up 124% from N1.541bn in Q1 2022.
Unilever reported higher revenue from its food product business segment, which earned N13.32bn, compared to its HPC segment, which reported N11.27bn.
In March, Unilever announced plans to exit the home care and skin cleansing markets to focus on higher growth opportunities.
0 Comment
Related Post