Unilever Nigeria in its half year 2017 financials had revenue grow by 40% to N45bn. Lower operating expense together with a 34% rise in gross profit to N14bn led to a 196% jump in operating profit to N6bn. Pre-tax profit was up by a whooping 239% to N5bn while profit after tax improved by 236% to N4bn. The balance sheet however reflected a 25% rise in both total assets and liabilities to N91bn and N76bn respectively, net assets grew by 28% to N15bn while working capital remained negative.
| Income Statement | H1 2017 | H1 2016 | % Change |
| Revenue (mn) | 45,105 | 32,278 | 40% |
| Cost of Sales (mn) | 31,197 | 21,925 | 42% |
| Gross Profit (mn) | 13,908 | 10,353 | 34% |
| Operating expense (mn) | 7,513 | 8,191 | -8% |
| Operating Income (mn) | 6,395 | 2,162 | 196% |
| Net Finance Cost (mn) | 1,350 | 674 | 100% |
| PBT (mn) | 5,044 | 1,487 | 239% |
| Income Tax/Credit (mn) | 1,367 | 394 | 247% |
| PAT (mn) | 3,677 | 1,094 | 236% |
| Balance Sheet | H1 2017 | FY 2016 | % Change |
| Fixed Assets (mn) | 30,049 | 29,272 | 3% |
| Total Assets (mn) | 90,694 | 72,491 | 25% |
| Financial Liabilities (mn) | 19,949 | 20,915 | -5% |
| Total Liabilities (mn) | 75,705 | 60,801 | 25% |
| Net Assets (mn) | 14,989 | 11,690 | 28% |
| Working Capital (mn) | (8,993) | (11,970) | -25% |
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