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Wednesday, October 5, 2022

Unilever Ghana PLC remains upbeat about future growth prospects – Citi Business News

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Managing Director of Unilever Ghana PLC, George Owusu-Ansah, has stated that it is optimistic about his outfit’s growth prospects.

This comes as the company recorded an increase in revenue of about 23% for the year 2021 despite the impact of the lingering COVID-19 on businesses.

Taking its turn at the ‘Facts Behind The Figures’ forum, organized by the Ghana Stock Exchange (GSE) for listed companies, Managing Director of Unilever Ghana PLC, George Owusu-Ansah, said the company’s revenue increased to Gh¢ 559m in 2021, up from the Gh¢456m recorded in 2020.

This represents a 23 percent increase in turnover over the period.

“The company ended the year having recorded a gross profit of Ghc108m, representing a 43 percent increase over the previous year’s performance. Overall, the company’s performance was an improvement over the previous year’s, driven largely by significant investments it made in product innovations and building the equity of its brands. 38 percent of the company’s portfolio gained market shares as a result. The company prioritized the reduction of waste from its operations,” he said.

George Owusu-Ansah, also noted that Unilever Ghana is doing well on its journey to rediscovering its greatness through its purpose-driven brands.

The Managing Director is upbeat about Unilever’s sustainability programmes.

He mentioned the company is investing to unlock growth, build talent and help develop the skills of the youth.

“The company’s objective also remains to make sustainable living commonplace for all,” he added.

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