Unilever Ghana PLC has published its 2023 unaudited financial results, posting a 44% revenue growth compared to the same period, the year previous.
The company attributes the revenue growth, largely, to sustained investments made in demand generation, and brand-building activities.
According to Unilever, "The introduction of the Pepsodent teledentistry programme, the launch of Lifebuoy Carbolic and the sustenance of the company's handwashing and toothbrushing schools programme were some of the investments made."
It added, "Operating profit in 2023 was 24.6 % of the total revenue of the company."
Unilever Ghana PLC's profit after tax stood at GH¢178.8 million in 2023.
It explained that "This translates to a 20 % profit margin for 2023. Execution of a more rigorous overhead management programme and the introduction of effective cost-saving measures aided in the profit recorded in 2023."
The company says it continues to invest in the development of the talent of its workforce.
Latest Stories
-
We’ll embrace cutting-edge technologies to address emerging healthcare needs – Prof. Antwi-Kusi
7 minutes -
12 minutes -
Environmental protection officers receive training on how to tackle climate change
15 minutes -
CLOGSAG vows to resist partisan appointments in Civil, Local Government Service
1 hour -
Peasant Farmers Association welcomes Mahama’s move to rename Agric Ministry
1 hour -
NDC grateful to chiefs, people of Bono Region -Asiedu Nketia
1 hour -
Ban on smoking in public: FDA engages food service establishments on compliance
1 hour -
Mahama’s administration to consider opening Ghana’s Mission in Budapest
2 hours -
GEPA commits to building robust systems that empower MSMEs
2 hours -
Twifo Atti-Morkwa poultry farmers in distress due to high cost of feed
2 hours -
Central Region PURC assures residents of constant water, power supply during yuletide
2 hours -
Election victory not licence to misbehave – Police to youth
2 hours -
GPL 2024/2025: Nations thrash struggling Legon Cities
2 hours -
Electoral offences have no expiry date, accountability is inevitable – Fifi Kwetey
2 hours -
Ghanaians to enjoy reliable electricity this Christmas – ECG promises
2 hours