See more as shareholders hail Unilever’s revenue growth, approve N1.25k dividend

• Unilever Nigeria Plc shareholders person held their Annual General Meeting, arsenic the institution recorded an awesome show
• The user steadfast reported a nett net for the twelvemonth ended December 31, 2024 summation to N15.1 billion
• Unilever produces a wide scope of fast-moving user goods, including fashionable brands similar Dove, Knorr

Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

Shareholders of Unilever Nigeria Plc person praised the company’s robust show for the 2024 fiscal year.

At the company's 100 Annual General Meeting, shareholders approved the dividend astatine 1.25kobo per share, a 66% summation from the 75kobo declared successful 2023.

Unilever announces 66% summation successful dividend Photo credit: Nurphoto
Source: Facebook

The dividend, amounting to N7.18 billion, follows a beardown fiscal twelvemonth for the user goods giant, which posted a 44% emergence successful gross to N149.5 billion, up from N103.9 cardinal successful 2023.

Unilever's fiscal performance

Breakdown shows that Unilver nett profit for the twelvemonth ended December 31, 2024, surged to N15.1 billion, marking a 79% summation compared to N8.4 cardinal recorded successful the erstwhile year.

At the AGM, held successful Lagos, shareholders praised the company’s enactment and reaffirmed their content successful the enactment of institution to turn the concern successful the coming year.

Speaking connected the performance, Bolaji Balogun, Chairman of the Board of Directors, commended shareholders for their unwavering support, Vanguard reports.

He affirmed that the Board and Management is committed to driving the company’s strategical maturation docket and efficaciously addressing some existent and emerging challenges, arsenic they usher the organisation toward semipermanent occurrence and greater achievements.

Balogun said:

“Our resoluteness arsenic a concern is to proceed to instrumentality strategical decisions that volition amended our operational efficiencies to conscionable the needs of Nigerians done our brands, our radical and our operations."

Balogun noted that the committee and absorption stay committed to driving the company’s strategical docket portion adapting to some ongoing and emerging marketplace challenges.

Managing Director Tobi Adeniyi attributed the company’s improved performance to its absorption connected operational efficiency, outgo optimisation, and purposeful marque growth.

He said:

“We stay committed to continually gathering sustainable relationships with our partners crossed the worth concatenation and increasing our concern to heighten our socioeconomic interaction crossed the country."

The Nation reports that Timothy Adesiyan, President of the Shareholders Solidarity Association of Nigeria, besides commented

His words:

“I americium grateful and blessed to be the 100th Annual General Meeting of Unilever Nigeria PLC. The show of the concern has been precise bully and improving successful the past 3 years. "This is reflected successful the accrued dividends of N1.25kobo being paid to america the shareholders. Above all, I americium arrogant and blessed that the institution listened to america and person present appointed a Nigerian arsenic the Managing Director.”

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Source: Legit.ng