Unilever says Q1 profit down 46%

Daily Trust - - REUTERS -

Nigeria’s Unilever said on Mon­day its first-quar­ter pre­tax profit fell to 1.09 bil­lion naira ($6.8 mil­lion), down 46 per­cent from 2.02 bil­lion naira in the same pe­riod last year.

Turnover fell to 13.8 bil­lion naira in the three months to March, com­pared with 14.2 bil­lion naira a year ear­lier, the maker of house­hold prod­ucts said in a fil­ing with the Nige­rian Stock Ex­change.

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