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
-
Let’s prioritize research quality in higher education institutions for industrial growth-Prof. Nathaniel Boso
1 hour -
Herman Suede is set to release ‘How Dare You’ on April 24
5 hours -
Heal KATH: Kuapa Kokoo, Association of Garages donate 120k to support project
5 hours -
KNUST signs MOU with Valco Trust Fund, Bekwai Municipal Hospital to build student hostel
5 hours -
The influence Ronaldo has on people, Cadman Yamoah will have same on the next generation – Coach Goodwin
6 hours -
Gender Advocate Emelia Naa Ayeley Aryee Wins prestigious Merck Foundation Awards
7 hours -
South Africa bursary scandal suspects granted bail
7 hours -
Ecobank successfully repays $500m Eurobond due April 18
7 hours -
Re: Doe Adjaho, Torgbui Samlafo IV, call for Unity among Paramountcies in Anlo
7 hours -
Extortion and kidnap – a deadly journey across Mexico into the US
7 hours -
Rihanna says fashion has helped her personal ‘rediscovery’ after having children
8 hours -
Development Bank Ghana targets GH¢1bn funding for commercial banks in 2024
8 hours -
Shatta Movement apologises to Ghana Society of the Physically Disabled after backlash
9 hours -
Sammy Gyamfi writes: Tema-Mpakadan Railway Project; A railway line to nowhere
9 hours -
Bright Simons: Is the World Bank saving or harming Ghana?
9 hours