LAGOS – Unilever Nigeria said on Thursday its 2014 pretax profit fell 57.7 percent to 2.87 billion naira ($14.4 million), compared with a year ago.
Turnover also fell to 55.75 billion naira during the period, against 60 billion naira the previous year, the household product maker said in a statement. The firm proposed a cut to dividend for 2014 to 0.10 naira per share, compared with 1.25 naira a year earlier.
($1 = 199 naira) (Reporting by Oludare Mayowa; Editing by Chijioke Ohuocha and James Macharia) (Reuters) [pro_ad_display_adzone id=”10″]