Earnings Update – UNILEVER 2021FY & Q1 2022 Improved Domestic Demand Underscores Performance

Unilever Nigeria Plc (UNILEVER) performed impressively in its 2021FY and Q1:2022 financial scorecards. In 2021FY, the company delivered a topline growth of 13.82%YoY, to NGN70.52bn from NGN61.96bn in 2020FY. The positive performance was significantly supported by the increased patronage in the domestic market, pushing domestic sales up by (+15.05%YoY) to NGN69.77bn from NGN60.64bn in 2020FY.

Earnings Update- Unilever Plc 2021FY and Q1 2022

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