Unilever Ghana Limited Reports Unaudited Earnings Results for the Period Ended June 30, 2018; Provides Earnings Guidance for the Rest of 2018
Unilever Ghana Limited reported unaudited earnings results for the period ended June 30, 2018. For the period, the company reported revenue of GHC 329,754,000 compared to GHC 282,670,000 a year ago. Operating profit was GHC 29,854,000 compared to GHC 27,684,000 a year ago. Profit before taxation was GHC 29,807,000 compared to GHC 25,921,000 a year ago. Profit after taxation was GHC 22,164,000 compared to GHC 19,353,000 a year ago. Basic earnings per share for profit attributable to the equity holders of the company were GHC 0.7093 compared to GHC 0.6193 a year ago. Net cash used in operating activities was GHC 723,000 compared to net cash generated from operating activities of GHC 25,524,000 a year ago. Purchases of property, plant and equipment were GHC 27,763,000 compared to GHC 12,301,000 a year ago.
For the year of 2018, the management's outlook for the rest of the year remains positive.