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Unilever Nigeria's 3Q Profit Drops Despite Revenue Gains

October 17, 2012: 12:00 AM EST
Unilever Nigeria Plc's revenue for the third quarter ending September 31, 2012, rose 3.1 percent to N41.66 billion from the same period of 2011. Profit, however, dropped slightly to N4.007 billion during the nine-month period from the previous year's N4.067 billion, due to the 216 percent increase in finance cost from N129.04 million to N408.46 million.
Bukola Idowu, "Unilever Q3 Profit Drops As Stock Market Recoups N10bn", Leadership, October 17, 2012, © Leadership Newspapers Group, Abuja
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