Unilever Nigeria Plc Presents at Bank of America Merrill Lynch Africa Conference, Apr-29-2013 . Venue: Bank of America Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ, United Kingdom.

Unilever Nigeria Plc reported earnings results for the year 2011. The company announced that the turnover grew from NGN 46.807 billion in 2010 to NGN 54.724 in 2011, while profit after tax went up to NGN 5.59 billion from the previous NGN 4.180 billion, a 10% increase over the previous results. Earnings per share increased by 31% from NGN 1.11 per share to NGN 1.45 per share in 2011, while operating margin improved from 14.5% in 2010 to 15.0% in 2011. The company board approved to pay the recommended NGN 5.491 billion dividends, which translates to NGN 1.40 per share dividend to all members of the company.

Unilever Nigeria Plc has appointed Kwaku Boateng, David Okeme and Kasturi Sudarshan as Customer Development, Brand Building and Finance Directors respectively. Kwaku Boateng prior to his current role, he served as Supply Chain Director and Customer Development Director for Unilever Ghana in 2005 and 2008 respectively. Kasturi Sudarshan prior to his current role as Finance Director, Unilever Nigeria, Kasturi served as GM Finance Sales & Customer Development, Unilever HUL, India.