Unilever Nigeria Set For Pre-Tax Income Doubling

Leading consumer goods giant Unilever Nigeria expects pre-tax second quarter (three months to June 30 2010) earnings to more than double on a year-on-year (y-o-y) basis to NGN4.03bn (US$26.75mn). Net income is expected to double to NGN2.74bn off the back of a near 130% y-o-y increase in Q2 turnover to NGN2.41bn. The Q2 forecast underlines the firm's ability to report significant top-line growth and Nigeria's increasing importance to the wider group's strong emerging market

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