Unilever Nigeria Plc. approves N1.40 dividend at 87th AGM
Company’s performance thrills shareholders
Following 2011’s impressive business results, Unilever Nigeria Plc’s shareholders approved a dividend of N1.40 per share, to be paid to all shareholders, at the Company’s 87th Annual General Meeting held in May 2012. The dividend payout amounted to N5.29billion (about €24million).
According to the Chairman of Unilever Nigeria Plc’s Board, His Majesty Nnaemeka Achebe, the Obi of Onitsha, he was pleased with the Company’s results despite the very challenging operating environment in 2011.
“I am pleased to announce that your company has fared well despite daunting global and local economic circumstances, which were further compounded by the resurgence of violence and insecurity, especially in the northern parts of Nigeria,” he stated at the occasion.
Unilever Nigeria grew Turnover by 16.9% compared to 5.2% in 2010. Earnings per share increased by 31% from N1.11 per share in 2010 to N1.45 per share in 2011. Operating margin also improved from 14.5% in 2010 to 15% in 2011.
Also delighted by the results, the National Chairman of the Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie, noted that Unilever Nigeria had done well despite the socio-economic challenges, adding that he was excited to see the company making further investments to position it for better results in 2012.
Click access (PDF | 5MB) Unilever Nigeria Plc’s 2011 Annual Report & Financial Statements
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