Unilever Nigeria’s profit surges after exit from home care, skin cleansing business

By Mary Adenike 

The earnings of Unilever Nigeria Plc, a fast-moving consumer goods firm, rose by 88.6 percent one year after it discontinued the production for the home care and skin cleansing business segment. 

According to the company’s latest unaudited financial statements released on Monday, its after-tax profit grew to N15.9 billion from N8.4 billion in 2023 as its revenue rose to N149.8 billion from N103.9 billion.