Unilever Ghana says the company is working to ensure sustained growth after the company posted a profit last year.

George Owusu-Ansah said the company has navigated its way through the torrid times to bounce back to profitability. 

Speaking at a media stakeholder in Accra, he said Unilever Ghana is working to improve its profits to give its shareholders more value.

Mr Owusu-Ansah said the company values its customers and will continue working at serving them with the high-quality products it has been doing in the last many years. 

According to the MD, Unilever Ghana posted a loss of ¢160 million in 2019 and ¢50 million in 2020.

However, from 2021 when it turned the corner, it made a profit of GH¢0.19 million and GH¢15 million in 2022.

The excited MD added that as of March this year, Unilever has posted a profit of GH¢28 million.

“As a company, we pledge to continue to depend on our prudent management practices and the full cooperation of staff and distributors to achieve the dream,” he added.

Unilever Ghana, he said, also recorded a turnover of GH¢242 million in the first quarter.

Also, its Net Cash Reserves also recovered from a negative position of GH¢59 million at the end of last year to GH¢16 million (positive) in the quarter under review.

He said this is only a sign of good things to come and they will keep working and improving on what help turn losses into profit.