Unilever Nepal celebrating 25th anniversary this week
September 4, 2017 02:08 AM NPT
KATHMANDU, Sept 3: Unilever Nepal Limited (UNL), one of the largest Fast Moving Consumer Goods (FMCG) producers in Nepal, is marking its 25 years of operation in Nepal this week.
Different programs have been organized to mark the event, according to officials of UNL.
Unilever Nepal is a joint venture between Nepali, Anglo-Dutch and Indian companies. It's share having face value of Rs 100 was last traded in the secondary market at a whopping Rs 30,702 per unit.
The company's board meeting held last week had announced to distribute 1,270 percent cash dividend, including 170 percent per share as special dividend, to its shareholders on the occasion of its silver jubilee.
It reported total revenue of Rs. 4.44 billion in the last fiscal year, ending mid-July and earned a net profit of Rs 965 million in the year. Issuing a statement, the company recently said that its financial transaction shows a turnover growth of 13 percent which is driven primarily through volume growth.
“The profit was delivered in spite of the challenges of factory lock-out for two and half months, various factor adversely impacting sales of soaps and various other market disruptions in last few months. The growth is based on all categories and mainly led by products of skin care and hair care,” the company added.
Unilever Nepal produces several popular products like Sunsilk, Pepsodent and Fair & Lovely, among others. It also has world class quality production unit in the country with the capability of producing international brands like Dove, Sunsilk, Fair and Lovely and Lux etc.
The company has claimed that it has reached out all Nepal through their products for daily use from hand washing soap to cosmetic products. “UNL has articulated its purpose as 'to earn the love and respect of Nepal by making a real difference to every Nepali.' The company intends to do this by driving our brands and business to create a 'Swastha' and 'Saksham' Nepal,” the company said in the statement.
UNL has delivered a robust bottom-line growth which is largely driven by mix of judicious price increase and leveraging on the current manufacturing capability. “We have made significant improvement and are confident of sustaining this profitability,” it added.
The multinational company has created Unilever Sustainable Living Plan (USLP) which has three big goals: helping more than 1 billion people take action to improve their health and well-being by 2020, halving the environmental footprint of making and using its products as it grow their business by 2030, and enhance the livelihood of millions of people as it grows its business by 2020.
According to UNL officials, high-level Unilever officials from the United Kingdom are arriving in Kathmandu to celebrate Unilever Nepal's 25th anniversary in Nepal.