Audio By Carbonatix
Unilever Ghana PLC has published its 2023 unaudited financial results, posting a 44% revenue growth compared to the same period, the year previous.
The company attributes the revenue growth, largely, to sustained investments made in demand generation, and brand-building activities.
According to Unilever, "The introduction of the Pepsodent teledentistry programme, the launch of Lifebuoy Carbolic and the sustenance of the company's handwashing and toothbrushing schools programme were some of the investments made."
It added, "Operating profit in 2023 was 24.6 % of the total revenue of the company."
Unilever Ghana PLC's profit after tax stood at GH¢178.8 million in 2023.
It explained that "This translates to a 20 % profit margin for 2023. Execution of a more rigorous overhead management programme and the introduction of effective cost-saving measures aided in the profit recorded in 2023."
The company says it continues to invest in the development of the talent of its workforce.
Latest Stories
-
Trump Media reports $238m loss as crypto falls
31 minutes -
Nvidia gets $500bn from major investors to develop AI infrastructure
3 hours -
At least 132 killed in Colombia’s largest earthquake in years
3 hours -
Trump signs order to limit childhood vaccines and split MMR shots
4 hours -
The lonely Chinese men being conned by fake brides
4 hours -
Minority’s narrative is unfounded – COCOBOD fires back over controversial Cocoa Bill
4 hours -
There’s absolutely nothing wrong with it – COCOBOD defends new Cocoa Bill amid minority attacks
4 hours -
“I’m not sure” – K.T Hammond unsure if OSP has questioned Kwabena Donkor over Berko bribery case
4 hours -
Istanbul trip was standard due diligence for Aksa power deal – K.T. Hammond
4 hours -
Kwabena Donkor never met Asante Berko, demanded or received money – K.T. Hammond
4 hours -
Canada flight cancelled after child refuses to wear seat belt
5 hours -
$1m bribery scheme: ‘I’m not so instructed’ – Lawyer on whether OSP has contacted Kwabena Donkor
5 hours -
Kwabena Donkor can’t be held liable for Asante Berko’s alleged corruption – KT Hammond
5 hours -
Ghana’s refining capacity yet to shield fuel market from global shocks – CEMSE
5 hours -
New train service connects Finland and Sweden for first time in decades
5 hours