Unilever publishes unaudited results for 1st half of 2020; revenue is over GHc200m
- Unilever has announced it recorded a revenue of GHc204.1 million for the first half of the year 2020
- It added that it recorded a revenue of GHc314 million for the same period in the year 2019
- According to the company, the fall in revenue was in line with expectations of management
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Unilever Ghana Limited has released details of its unaudited financial report for the first half of the year 2020.
YEN.com.gh has learned that the company recorded a revenue of GHc204.1 million for the period.
In the same period in the preceding year, the company recorded a revenue of GHc314 million.
Source: UGC
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Unilever revealed that even though there is a fall in revenue, the result tallied with the expectations of management.
Per a report by thebftonline.com, the company recorded an operating loss of GHc13.7 million in the Second Quarter of 2020 and made a profit of GHc27.2 million in the same period.
The company also revealed that it held its 46th Annual General Meeting online, on Friday, June 24, 2020.
The decision to hold it online was in line with directives from the Ghana Stock Exchange in response to current developments on the COVID-19 pandemic.
In other news, the Ghana Interbank Payment and Settlement System (GhIPSS) has recorded a 600% increase in the use of its GhIPSS Instant Pay (GIP) system.
The increase was recorded in the first half of the year 2020 and compared to the same period in the preceding year.
Information available shows that GIP transactions were 2.45 million in 2020 compared to 350,666 for the same period in 2019.
READ ALSO: Ken Ofori-Atta calls for reforms in Africa; says global investors are unfair
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Source: YEN.com.gh
