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Unilever Ghana Reports Lower Operating Profit In 2012

April 24, 2013: 12:00 AM EST
Unilever Ghana reported its operating profit fell from GH 29 million to GH 24 million in 2012. Depreciation of the Cedi, energy crises in the country, and other macroeconomic factors pushed down profits, according to the company. Tax fell to GH 16.1 million in 2012 from GH 21.6 million in 2011, allowing the company to post a profit. Also, shareholders approved the board of directors' plan to pay a dividend of GH 0.0256 per share. Unilever Ghana invested a significant portion of GH 44 million in capital investments to help support expansion plans, the company added.
Lorrencia Nkrumah, "Unilever Ghana records decline in operating profit for 2012 financial year", CitiFM Online, April 24, 2013, © CitiFM Online
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