Unilever Ghana records 47% revenue growth in first half of 2021

Unilever Ghana PLC has witnessed a shift in its performance as its recent losses has reduced significantly by 60 percent from GHS16.8 million recorded in the first half of 2020 to GHS6.7 million in the same period this year.

The company, for the 2021 half-year, has seen a 47 percent growth in revenue to GHS300 million compared with the GHS204 million recorded in the same period last year.

During a ‘Facts Behind The Figures’ forum, Unilever attributed the revenue performance to the strong recovery it posted in 2020, driven mainly by increased sales, cost efficiencies and a robust credit management system.

Managing Director of Unilever, George Owusu-Ansah, announced that the company is poised to rediscovering its greatness in a globally challenging environment and has committed to implementing a strategy to deliver competitive, consistent, responsible, and profitable growth.

The purpose driven company is looking to improve the power of its brands to facilitate their penetration into more Ghanaian homes. These activities will be backed by more impactful innovations to meet the challenging needs and demands of the Ghanaian consumer.

George Owusu-Ansah also noted that its sustainability agenda remains fully integrated into the company’s entire organization.

He mentioned that the company’s new sustainability programme, dubbed the ‘Compass’, commits to support the global and national agenda for the health of the planet, improvement in the health and wellbeing of people and contribute to a fairer and more socially inclusive society.

 

Source: Citi Business News