Unilever Nigeria Reports Strong Sales Growth in 2015

Unilever Nigeria Plc reported sales grew 6.2 percent to N59.2 billion for the year ending December 2015, compared with N55.7 billion from the previous year. Sales grew 36.3 percent to N16.52 billion in the fourth quarter of 2015, compared with the same quarter of 2014. Profit after tax for the full year, however, dropped 51 percent from N2.4 billion in 2014 to N1.19 billion in 2015. For the fourth quarter of 2015, profit after tax jumped 78.3 percent to N1.05 billion, compared with the same quarter of the previous year.