Unilever Nigeria Plc doubled its net profit to 22 billion naira during the nine months ending in September, despite broader economic pressures, according to unaudited financial statements from the consumer products manufacturer. Revenue climbed 50 percent to 155 billion naira from 104 billion naira during the matching stretch of 2024, while gross profit advanced 49 percent to 64 billion naira.
Managing Director Tobi Adeniyi credited the third quarter performance to emphasis on flagship products, optimized product combinations and careful expense control. The executive said the firm remains dedicated to brand spending, supply chain stability and expansion driven by sales volume across its product lineup.
Adeniyi noted the company has operated as a manufacturing fixture in Nigeria for more than a century and continues putting resources into local operations. The business builds fair partnerships throughout its value chain and maintains consumer confidence, with its mission centered on improving daily experiences for Nigerians.
Managing Director Tobi Adeniyi credited the third quarter performance to emphasis on flagship products, optimized product combinations and careful expense control. The executive said the firm remains dedicated to brand spending, supply chain stability and expansion driven by sales volume across its product lineup.
Adeniyi noted the company has operated as a manufacturing fixture in Nigeria for more than a century and continues putting resources into local operations. The business builds fair partnerships throughout its value chain and maintains consumer confidence, with its mission centered on improving daily experiences for Nigerians.
