Unilever Nigeria 2014 pretax profit falls 58 pct

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LAGOS Unilever Nigeria said Thursday its 2014 pretax profit fell 57.7 percent 2.87 billion ($14.4 million), compared with a year ago.

Turnover also fell 55.75 billion during the period, against 60 billion the previous year, the household product maker said in a statement. The firm proposed a cut dividend for 2014 0.10 per share, compared with 1.25 a year earlier.

($1 = 199 naira) (Reporting by Oludare Mayowa; Editing by Chijioke Ohuocha and James Macharia) (Reuters) [pro_ad_display_adzone id=”10″]