Sections
Poll: Power pledge
Is Mr. President's promise of additional 6,000 MW of electricity in 18 months achievable?
Unilever’s turn around performance ignites investors’ zeal
Font size:
The change in the fortune of Unilever Nigeria plc for the year ended December 2007 has reawaken investors confidence in the company. The company recorded 33 percent increase in turnover at N34 billion as against N25.6 billion in the comparable period of 2006. Profit after tax was N1.3 billion as against a loss of N1.6 billion in 2006.
This has resulted in the rush for the company stock, leading to increase in the price from N18.30 November 2007 to N24 April 28, 2008.
In 2002, the company’s share price was N16.15 kobo. In 2003, it rose to N18.50 kobo per share and dropped to N15.50 in December 29, 2004. In year 2005, the price climbed to N20.51 kobo.
On September 27, 2006 it was N15.21 per share as investors traded 662,778 of its shares.
January 8, 2007, it traded at N12.39 as investors transacted 487,407 shares. By the end of trading session on April 24, 2008, the price was N24 with a total of 651,653 shares valued at N15. 39 million traded in 101 deals.
In 2004 , the company recorded earnings per share of 72 kobo .In 2005. it dropped to 54 kobo per share and 43 and 28 kobo in 2006 and2007 respectively.
The company in 2001,paid shareholders 104 kobo. In 2002, this dropped to 50 kobo and rose to 61 kobo in 2003. . In 2004 dividend paid rose marginally to 70 kobo. For the 2005 and 2006 financial years, the company was unable to pay dividend. The 25kobo in 2007 was a source of relief to shareholders.
The turnaround in fortunes has been attributed to the management’s ability to rebuild a strong foundation for businesses which focused on customer management, improved distribution systems and innovations.
Directors of the company who spoke to Business DAY promised to build competitive capabilities in the customer management, as well as supply chain that will be fully aligned with the Unilever globally to leverage on its resources and expertise.
This, the company said is vital to compete in an ever dynamic consumer goods market characterized by higher levels of competition and an evolving consumer base.
This has resulted in the rush for the company stock, leading to increase in the price from N18.30 November 2007 to N24 April 28, 2008.
In 2002, the company’s share price was N16.15 kobo. In 2003, it rose to N18.50 kobo per share and dropped to N15.50 in December 29, 2004. In year 2005, the price climbed to N20.51 kobo.
On September 27, 2006 it was N15.21 per share as investors traded 662,778 of its shares.
January 8, 2007, it traded at N12.39 as investors transacted 487,407 shares. By the end of trading session on April 24, 2008, the price was N24 with a total of 651,653 shares valued at N15. 39 million traded in 101 deals.
In 2004 , the company recorded earnings per share of 72 kobo .In 2005. it dropped to 54 kobo per share and 43 and 28 kobo in 2006 and2007 respectively.
The company in 2001,paid shareholders 104 kobo. In 2002, this dropped to 50 kobo and rose to 61 kobo in 2003. . In 2004 dividend paid rose marginally to 70 kobo. For the 2005 and 2006 financial years, the company was unable to pay dividend. The 25kobo in 2007 was a source of relief to shareholders.
The turnaround in fortunes has been attributed to the management’s ability to rebuild a strong foundation for businesses which focused on customer management, improved distribution systems and innovations.
Directors of the company who spoke to Business DAY promised to build competitive capabilities in the customer management, as well as supply chain that will be fully aligned with the Unilever globally to leverage on its resources and expertise.
This, the company said is vital to compete in an ever dynamic consumer goods market characterized by higher levels of competition and an evolving consumer base.
Add to:
del.icio.us |
Digg
del.icio.us |
Digg
Email to a friend
Print version
Plain textRate this article
Comments ( posted):
Post your comment