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Unilever Côte d'Ivoire: A net loss of 3.690 billion FCFA at the end of the 2020 financial year

19/05/2021
Categories: Companies

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Unilever Côte d'Ivoire SA, a subsidiary of Unilever Overseas Holdings Limited and specialized in the production and marketing of consumer products (toothpaste, soap, Lipton tea, mayonnaise) has significantly reduced its recent loss. After a record loss of 21.857 billion FCFA in 2019, the company achieved a net loss of 3.690 billion FCFA at the end of

the 2020 financial year.

Unilever Côte d'Ivoire's equity had cumulative losses over several years, with a new deficit of 32.599 billion FCFA and negative equity of 21.964 billion FCFA in the last approved accounts, which prompted the company's managers to carry out a capital increase of 45.917 from 26 July to 26 August 2019. billion FCFA

.

The financial statements as at 31 December 2020 show a sharp drop of 30% in sales, with sales reaching 39.693 billion FCFA compared to 56.379 billion FCFA in 2019. The drop in accessory products from 3.246 billion to 50.975 million FCFA would be at the origin of

this underperformance.
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