Shareholders of Unilever Ghana are finding dividends of GH¢0.80 for every share after the business posted gains of GH¢191 million for the calendar year 2018.
The determine signifies a 296% improve from the 2017 earnings of GH¢ 48 million.
Speaking at the Unilever Ghana’s 45th Yearly Basic Meeting on Friday in Accra, The Board Chairman of the firm Edward Effah attributed the performance to an boost in volumes sold.
He stated ” Unilever Ghana Ltd effects for the yr finished 31 December 2018 exhibits revenue expansion of 10% from GH¢ 575m. In 2017 to GH¢ 632m in 2018 primarily thanks to an maximize in volumes bought. Functioning earnings ahead of tax of GH¢ 250m, symbolizing a 283% enhance around 2017’s GH¢ 65m. Financial gain right after tax thus improved by 296% to GH¢ 191m when compared to GH¢ 48m in 2017.”
Mr Effah additional extra, ” The Board of Directors hereby proposes a dividend payout of GH¢0.80 for every share from the 2018 gains amounting to a full of GH¢ 50,000,000.”
In the meantime, a statement by the Running Director Unilever Ghana Gladys Asamoah stated that the recovery in product sales by 20% was generally driven by a price tag correction of Lipton yellow label in response to sector situations which elevated the amount of sale.
The statement also observed the organization had embarked on Expense of much more than GH¢39 million in spots of Biomass Boiler, heating and Oral onshore initiatives to improve the efficiency of the organization.