• About Us
  • Terms & Conditions
  • Contact Us
Wednesday, February 1, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Suspected herdsmen ambush Benue policemen, kill DPO

    Suspected herdsmen ambush Benue policemen, kill DPO

    Nigerians will soon know the “actual truth” about Atiku – Gov Wike

    Wike accuses PDP national leaders of sabotage for withdrawing from Rivers suits

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    JUST IN: Banks will accept old naira notes after deadline – Emefiele

    Our agents around Sambisa forest, conducting cash swap – CBN governor Emefiele

    Emefiele an enemy of democracy, wants to cause uprising – APC PCC New Media Director

    Two Nigerians shot dead in renewed xenophobic attacks in South Africa

    Two Nigerians shot dead in renewed xenophobic attacks in South Africa

    JUST IN: We will dialogue with different Russian president – Zelensky

    Ukrainian officials banned from traveling abroad

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The Nigerian Equities Market Opened Positive … As the NGX-ASI up 0.95%

    Tinubu speaks like someone with “incoherent discourse and absence of mind” – PDP

    PDP condemns Tinubu’s ‘sponsored’ attack on Buhari in Kano

    Security features of the new naira notes revealed by the CBN

    DSS intercepts syndicates selling new naira notes, bank officials implicated

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Sellers Sway the Performance of the Equities Market… As NGX-ASI Dips By 0.09%

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria set to allot ‘incentive shares’ to shareholders

    Nestle Nigeria Plc announces Board meeting to consider 2020 accounts and dividend

    NGX-ASI Depreciated by 2.03%… As Year-to-Date slides down to 2.62%

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Reg lifts suspension on trading of International Energy Insurance Plc shares

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The Local Bourse Records Gains… As Year-to-Date in closed at 2.68%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    MTN Nigeria proposes N23bn Commercial Paper

    MTN Nigeria’s Board of Directors approve payment of N10.00 final dividend for 2022 FY

    Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

    Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

    Directors of Geregu Power Plc approve dividend declaration for 2022 FY

    Directors of Geregu Power Plc approve dividend declaration for 2022 FY

    NPF Microfinance Bank Shareholders approve 20k dividend

    NPF Microfinance Bank reports 77.79% growth in Profit for 2022 financial year

    UBA suffers maximum possible loss on NSE as investors dump the stocks

    UBA Africa gets first female CEO

    CAP Plc posts N2.08bn profit in 2022, 85.95% YoY growth

    CAP Plc posts N2.08bn profit in 2022, 85.95% YoY growth

    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    GlaxoSmithKline Nig. Plc reports N692mn profit for the 2022 financial year

    GlaxoSmithKline Nig. Plc reports N692mn profit for the 2022 financial year

    Cadbury Nigeria Plc’s profit more than doubled in 2022 amid revenue growth

    Cadbury Nigeria Plc’s profit more than doubled in 2022 amid revenue growth

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Suspected herdsmen ambush Benue policemen, kill DPO

    Suspected herdsmen ambush Benue policemen, kill DPO

    Nigerians will soon know the “actual truth” about Atiku – Gov Wike

    Wike accuses PDP national leaders of sabotage for withdrawing from Rivers suits

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    JUST IN: Banks will accept old naira notes after deadline – Emefiele

    Our agents around Sambisa forest, conducting cash swap – CBN governor Emefiele

    Emefiele an enemy of democracy, wants to cause uprising – APC PCC New Media Director

    Two Nigerians shot dead in renewed xenophobic attacks in South Africa

    Two Nigerians shot dead in renewed xenophobic attacks in South Africa

    JUST IN: We will dialogue with different Russian president – Zelensky

    Ukrainian officials banned from traveling abroad

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The Nigerian Equities Market Opened Positive … As the NGX-ASI up 0.95%

    Tinubu speaks like someone with “incoherent discourse and absence of mind” – PDP

    PDP condemns Tinubu’s ‘sponsored’ attack on Buhari in Kano

    Security features of the new naira notes revealed by the CBN

    DSS intercepts syndicates selling new naira notes, bank officials implicated

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Sellers Sway the Performance of the Equities Market… As NGX-ASI Dips By 0.09%

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria set to allot ‘incentive shares’ to shareholders

    Nestle Nigeria Plc announces Board meeting to consider 2020 accounts and dividend

    NGX-ASI Depreciated by 2.03%… As Year-to-Date slides down to 2.62%

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Reg lifts suspension on trading of International Energy Insurance Plc shares

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The Local Bourse Records Gains… As Year-to-Date in closed at 2.68%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    MTN Nigeria proposes N23bn Commercial Paper

    MTN Nigeria’s Board of Directors approve payment of N10.00 final dividend for 2022 FY

    Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

    Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

    Directors of Geregu Power Plc approve dividend declaration for 2022 FY

    Directors of Geregu Power Plc approve dividend declaration for 2022 FY

    NPF Microfinance Bank Shareholders approve 20k dividend

    NPF Microfinance Bank reports 77.79% growth in Profit for 2022 financial year

    UBA suffers maximum possible loss on NSE as investors dump the stocks

    UBA Africa gets first female CEO

    CAP Plc posts N2.08bn profit in 2022, 85.95% YoY growth

    CAP Plc posts N2.08bn profit in 2022, 85.95% YoY growth

    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    GlaxoSmithKline Nig. Plc reports N692mn profit for the 2022 financial year

    GlaxoSmithKline Nig. Plc reports N692mn profit for the 2022 financial year

    Cadbury Nigeria Plc’s profit more than doubled in 2022 amid revenue growth

    Cadbury Nigeria Plc’s profit more than doubled in 2022 amid revenue growth

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business

Unilever Q1 2020 Unaudited Interim Financial Statement, Unimpressive

Revenue declines by NGN5.9bn, 26.7% drop in PAT

Friday, 17 April 2020, 9:41 pm
in Business, Companies, Markets, Stocks/Equities
0
Unilever Q1 2020 Unaudited Interim Financial Statement, Unimpressive
Share Share Share Share Send as Email

NSE TICKER: UNILEVER

 

It was another unimpressive outing for Unilever Nigeria Plc, as it reported a substantial decline in revenue for the second consecutive first quarters. In the first quarter report for the period ended 31st March 2019, the company had seen its revenue decline by NGN5.06bn, and for the first quarter ended 31st March 2020, the company saw further revenue decline by NGN5.90bn, representing a drop of 30.71% Year on Year. Although both the company’s product segments (Food Products and Home Care & Personal Care) saw decline in revenue, the Management Board will be more worried with their Home & Personal Care segment. The Home & Personal Care segment include sale of skin care and oral care products, fabric care and household cleaning, and this segment boast renowned brands in the market like Vaseline, Close-up, and Omo. This segment has seen its revenue eroded consecutively over the past 3 years; NGN 13.64bn in Q1 2018, NGN9.98bn in Q1 2019, NGN5.91bn in Q1 2020.

The company reported a Profit After Tax of NGN1.11bn, a drop of 26.7% Year on Year, with a Profit After Tax Margin of 8.3% (Q1 2019: 7.9%). Despite an aggressive reduction in Cost of Sales, which resulted in a Gross Profit of NGN3.42bn (Q1 2019: 3.86bn), the increase in Marketing and administrative expenses to NGN2.32bn (Q1 2019: NGN1.51bn) ensured a dismal operating profit of NGN453.44mn (Q1 2019: NGN1.31bn).

In 2019, Unilever Nigeria Plc made headlines across the nation over its high Accounts Receivables,  the Q1 2020 report shows that this problem still persist as they have a total of NGN24.64bn Trade and other receivables (2019: 24.13bn). A closer look at the numbers by Investogist Analysts showed that a significant portion of these debts are owed by related parties; Unilever Cote D’Ivoire NGN3.46bn and Unilever Ghana NGN 4.06bn.

The company through its Corporate Affairs Director, Mrs Soromidayo George, said that “Unilever Nigeria remains focused on its strategy to deliver sustainable growth and will continue to monitor the business environment and remain dynamic in its response to challenges to operations and the economy, in the light of the Covid-19 pandemic”.

Unilever Nigeria Plc. is in corporated in Nigeria as a public limited liability company under the Companies and Allied Matters Act (CAPC20) Laws of the Federation of Nigeria, 2004 and is domiciled in Nigeria. The company’s shares are listed on the Nigerian Stock Exchange NSE). The company is principally involved in the manufacture and marketing of Foods and refreshments, Home care and Beauty and personal care products. It has manufacturing sites in Oregun ,Lagos State and Agbara, Ogun State.

 

View of Analysts @investogist

Unilever Nigeria Plc shares closed today at NGN11.00 on the Nigerian Stock Exchange, this is 72.54% down from 5 years ago, 67.65% down from a year ago, and 50% down Year to Date, despite these decline we do not think that the company is out of the woods yet. The stock is a NO BUY in our books, as we anticipate that the ongoing COVID-19 Pandemic will exacerbate an already bad financial performance for them.

 

Download the full report here:

http://www.nse.com.ng/Financial_NewsDocs/29699_UNILEVER_NIGERIA_PLC._FINANCIAL_STATEMENTS_APRIL_2020.pdf

 

Written by:

Basil Maduakor

Analyst/Writer @Investogist

Disclaimer: Any person accessing this information and considering potential investment opportunities featured on the email should make their own commercial assessment of an investment opportunity after seeking the advice of an appropriately authorized or regulated financial advisor. This information should not be construed as advice or a personal recommendation to any prospective investor.

Related Posts:

  • When we expect to publish audited interim financial statement for H1 2020 - Access Bank
    When we expect to publish audited interim financial…
  • Oando Plc explains the delay in publication of its 2020 Q3 Unaudited Financial Results
    Oando Plc explains the delay in publication of its 2020 Q3…
  • Caverton Releases 2020 Financial Statement and Reappoints Chairman
    Caverton Releases 2020 Financial Statement and Reappoints…
  • Unilever Nigeria Plc announce Closed Period for Q4 2020 Financial Statements
    Unilever Nigeria Plc announce Closed Period for Q4 2020…
Previous Post

Africa Prudential releases Q1 2020 Financial Report

Next Post

Nigeria Stock Market surges 7.19% this week, as Oil Price crisis continue

Next Post
Nigeria Stock Market surges 7.19% this week, as Oil Price crisis continue

Nigeria Stock Market surges 7.19% this week, as Oil Price crisis continue

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

JUST IN: Banks will accept old naira notes after deadline – Emefiele

Two Nigerians shot dead in renewed xenophobic attacks in South Africa

Two Nigerians shot dead in renewed xenophobic attacks in South Africa

Tinubu speaks like someone with “incoherent discourse and absence of mind” – PDP

PDP condemns Tinubu’s ‘sponsored’ attack on Buhari in Kano

vacancy: Montego Upstream Services is recruiting

VACANCY: SPIE Services Nigeria Limited is recruiting

Two Nigerians shot dead in renewed xenophobic attacks in South Africa

Two Nigerians shot dead in renewed xenophobic attacks in South Africa

Our agents around Sambisa forest, conducting cash swap – CBN governor Emefiele

Emefiele an enemy of democracy, wants to cause uprising – APC PCC New Media Director

MTN Nigeria proposes N23bn Commercial Paper

MTN Nigeria’s Board of Directors approve payment of N10.00 final dividend for 2022 FY

Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

Suspected herdsmen ambush Benue policemen, kill DPO

Suspected herdsmen ambush Benue policemen, kill DPO

Directors of Geregu Power Plc approve dividend declaration for 2022 FY

Directors of Geregu Power Plc approve dividend declaration for 2022 FY

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist