Audio By Carbonatix
Consumer manufacturer, Unilever Ghana’s loss position worsen in the third quarter of 2021, as it registered a loss of ¢20.9 million.
This is compared with a loss of ¢11.4 million during the same period in 2020.
According to its 3rd Quarter Unaudited Financial Statement, revenue however went up by 34.2% to ¢429.4 million in the nine months of 2021.
Unilever attributed its revenue performance to top line delivery across all categories and improved innovations.
Going forward, the company said it has taken price increases and implemented cost savings programmes to offset input cost increases, a move that will help return the firm to profitability.
In terms of the balance sheet, total current assets stood at ¢170.2 million in September 2021, lower than the ¢207.5 million registered in September 2020.
Importantly, inventories went down to ¢90.6 million at the end of quarter 3, 2021, from ¢109.3 million recorded during the same period last year.
Total equity was however estimated at ¢13.8 million in September 2021, as against ¢72 million a year ago.
Latest Stories
-
Tyson Fury dominates Makhmudov, calls out Joshua next
2 minutes -
I have supported highway authority financially to fix roads in my constituency – A Plus
1 hour -
US, Iran fail to reach peace agreement after marathon talks in Pakistan
2 hours -
ECG kicks off Phase Two of transformer upgrades at Lashibi; brief outages expected
2 hours -
Port crises loom as 11,000 drivers threaten four-day strike
3 hours -
A source of excellence across generations – Vice President Opoku-Agyemang lauds Mfantsipim
4 hours -
(Photos) Mfantsipim School launches historic 150th anniversary
4 hours -
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
5 hours -
Bright Simons writes: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
6 hours -
Monetise Idiocy In Ghana
6 hours -
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
6 hours -
Nearly 400 sentenced in Nigeria for links to militant Islamists
7 hours -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
7 hours -
Methodist Church hails Mfantsipim@150; calls for “fresh consecration” to excellence
7 hours -
‘Excellence is our inheritance’ – Nana Sam Brew-Butler hails Mfantsipim’s 150-year reign in leadership
7 hours