Economy

Unilever grows revenue by 20percent in 2022

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Publicly listed fast moving consumer goods manufacturer, Unilever Ghana Plc., grew its 2022 full-year revenue to GH¢632m, a significant rise from the previous year’s figure of GH¢527m.

This represented a 20 percent increase in turnover over the period. The company ended the year having recorded a profit of Ghc15m, up from the Ghc0.4m recorded in 2021.

Managing director, George Owusu-Ansah, disclosed the figures at the company’s turn at this year’s Facts behind the Figures session organized by the Ghana Stock Exchange.

According to him, the improved turnover in 2022 was largely a result of continued investment in coverage, innovations and building of the equity of its core brands, including its heritage brands, Key Soap, Pepsodent and Geisha among others.

“The company prioritized efficiency improvements, waste reduction, and strong credit control alongside inflation recovery to boost its profitability,” he added.

Mr.  Owusu-Ansah, said the company continued to deploy its sustainability projects with focus on the collection of plastic waste and the promotion of second life solution options.

This, he said, was done in collaboration with like-minded members of the Ghana Recycling Initiative by Private Enterprises (GRIPE).

He added: “The company also extended support towards the teaching of oral and personal hygiene habits in schools and communities across the country.”

Mr.  Owusu-Ansah noted that Unilever remains committed to living its purpose of ‘making sustainable living commonplace’ and aims to deliver long term value to its stakeholders.

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