Unilever Ghana Plc says it is upbeat about delivering its revenue target for the year as it has put in place measures to reduce operational cost and improve profitability.
The Managing Director of Unilever Ghana, George Owusu-Ansah, speaking at the virtual ‘Facts Behind The Figures’ forum, organised for listed companies on the Ghanaian bourse said the company’s quest to turn around its fortunes was evident in its half year performance.
He attributed the company’s 2021 half year top line growth of 47 per cent to an improvement in demand underpinned by continued investments in its brands.
Operational discipline together with improved credit and controls management resulted in reduction in cost.
Overall loss position reduced by 60 per cent from GH¢ (16.8) m to GH¢ (6.7) m.
This performance comes on the back of the strong recovery it posted in 2020, driven mainly by increased sales, cost efficiencies and a robust credit management system.
Mr Owusu-Ansah said the company was poised to ‘rediscovering its greatness in a globally challenging environment.
To this end, he said the company had committed to implementing a strategy to deliver competitive, consistent, responsible, and profitable growth.
“The purpose driven company is looking to improve the power of its brands to facilitate their penetration into more Ghanaian homes. These activities will be backed by more impactful innovations to meet the challenging needs and demands of the Ghanaian consumer,” he said.
Mr Owusu-Ansah also noted that its sustainability agenda remained fully integrated into the company’s entire organisation.
He mentioned that the company’s new sustainability programme dubbed the ‘Compass’, commits to support the global and national agenda for the health of the planet, improvement in the health and wellbeing of people and contribute to a fairer and more socially inclusive society.
BY DAVID ADADEVOH
