Nigeria’s leading Fast-Moving Consumer Goods (FMCG) company, Unilever Nigeria Plc, has released its unaudited interim report for the half-year period that ended June 30, 2023.

The company recorded a turnover of N54.2 billion in the period under review, which represents 24% topline growth compared to the N43.8 billion turnover recorded in the corresponding period in 2022.

The company recorded a gross profit of N13.1 billion for the period ended June 30, 2023, which is an 8% drop versus the N14.2 billion reported for the same period last year, according to a statement by the company on Tuesday.

The result showed a profit for the year from continuing operations of N2.8 billion for the period ended June 30, 2023, compared to a profit for the corresponding period in 2022 of N1.9 billion, which is 45% up versus 2022.

While commenting on the results, Tim Kleinebenne, Unilever’s Managing Director, said: “Unilever Nigeria remains focused on the delivery of its 4G growth model of competitive, consistent, profitable, and responsible growth. Unilever is pleased with its performance progress, riding on the pillars of operational efficiency, cost optimisation, purposeful brands, and increasing market share across key categories.”

“Unilever Nigeria will continue to strengthen its operations in the country to meet citizens’ needs in health and hygiene through our brands and products,” he added.