Audio By Carbonatix
Unilever Ghana PLC holds ‘Facts Behind The Figures’ forum, organised for listed companies on the Ghanaian bourse.
During the session, the company's Managing Director, George Owusu-Ansah, attributed its 2021 half-year topline growth of 47% to an improvement in demand underpinned by continued investments in its brands.
Operational discipline, together with improved credit and controls management, resulted in a cost reduction. Overall loss position reduced by 60% from ¢16.8 million to ¢6.7 million.
This performance comes on the back of the strong recovery it posted in 2020, driven mainly by increased sales, cost efficiencies and a robust credit management system.
Mr Owusu-Ansah announced that Unilever Ghana is poised to Rediscovering its Greatness in a Globally Challenging Environment and has committed to implementing a strategy to deliver competitive, consistent, responsible, and profitable growth.
The purpose-driven company is looking to improve the power of its brands to facilitate their penetration into more Ghanaian homes.
These activities will be backed by more impactful innovations to meet the challenging needs and demands of the Ghanaian consumer.
George Owusu-Ansah also noted that its sustainability agenda remains fully integrated into the company’s entire organization.
He mentioned that the company’s new sustainability programme dubbed the ‘Compass’, commits to support the global and national agenda for the health of the planet, improvement in the health and wellbeing of people and contribute to a fairer and more socially inclusive society.
Latest Stories
-
A New Dawn for Ghana Cocoa: Reforms set to improve farmer livelihoods and financial sustainability
1 minute -
Man apologises for making racist gesture at Korean in World Cup match
2 minutes -
US musician Oliver Tree dies in helicopter collision in Brazil
5 minutes -
OnlyFans ‘agents’ control and threaten creators while taking half their earnings, BBC finds
10 minutes -
Norwegian crown princess’ son found guilty of two counts of rape
24 minutes -
The World Cup and the new geography of belonging
1 hour -
World Cup 2026: The Stars that were a kick away from a semi-final 16 years ago, arrive in USA not as standard-bearers
1 hour -
Sky Train trial: $2m loss was caused by Covid-19, defence lawyers argue
1 hour -
Petrol prices set for sharpest drop in months amid falling global oil prices
2 hours -
Vehicle pollution, a leading risk factor for death in Ghana both the children and working class
2 hours -
GNFS intensifies fire prevention campaigns in Eastern Region
2 hours -
Presidency cuts political appointees by 124, but compensation bill jumps 148% and staff classifications raise questions
2 hours -
Retirees benefit from 7th health screening of Lordina Foundation
2 hours -
Sogakope residents storm ECG office over alleged overbilling, poor service delivery
2 hours -
BoG extends registration deadline for money transfer operators
2 hours