{"id":2871,"date":"2023-07-24T17:35:01","date_gmt":"2023-07-24T17:35:01","guid":{"rendered":"https:\/\/peoplesforumonline.com.ng\/about\/?p=2871"},"modified":"2023-07-24T17:35:01","modified_gmt":"2023-07-24T17:35:01","slug":"biting-economy-unilever-reports-72-95-decline-in-pre-tax-profitreports-n3-2bn-loss","status":"publish","type":"post","link":"https:\/\/peoplesforumonline.com.ng\/about\/2023\/07\/24\/biting-economy-unilever-reports-72-95-decline-in-pre-tax-profitreports-n3-2bn-loss\/","title":{"rendered":"Biting Economy: Unilever reports 72.95% decline in pre-tax profit\u2026Reports N3.2bn loss"},"content":{"rendered":"<p>The economic downturn in Nigeria is already affecting blue chip companies as<br \/>\nUnilever Nigeria Plc released its 2023 second quarter unaudited results showing pre-tax profits fell 72.95% to N169.9 million.<\/p>\n<p>The company reported an operating loss of N3.2 billion in the quarter under review as costs escalated beyond revenues.<br \/>\nOperating costs of industrial concerns have increased astronomically in the last few months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The economic downturn in Nigeria is already affecting blue chip companies as Unilever Nigeria Plc released its 2023 second quarter unaudited results showing pre-tax profits fell 72.95% to N169.9 million. The company reported an operating loss of N3.2 billion in the quarter under review as costs escalated beyond revenues. Operating costs of industrial concerns have [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"_links":{"self":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/2871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/comments?post=2871"}],"version-history":[{"count":1,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/2871\/revisions"}],"predecessor-version":[{"id":2873,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/2871\/revisions\/2873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media\/2872"}],"wp:attachment":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media?parent=2871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/categories?post=2871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/tags?post=2871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}