Unilever Ghana PLC posts 44% revenue growth in 2023 unaudited financial results

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.

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