Unilever Ireland Ltd has reported after-tax profits of €7.3 million in its accounts for the year ended 31 December 2011.
The performance follows an after-tax loss of €10.1 million in 2010 and represents a €17 million turnaround.
Turnover increased by 20% to €297.8 million (2010: €247.7million), with like-for-like turnover down 2.2%. Total turnover includes sales of €69.4 million to export markets, with sales of €228.4 million on the Irish market compared to €217.7 million Irish sales in 2010.
In Ireland, Unilever is primarily engaged with the marketing and distribution of food, home and personal care products. Its portfolio includes iconic brands such as HB ice cream, Lyons Tea, Knorr, Flora, Hellmann’s, Dove, Lynx, Radox, Simple, Persil and Cif.
Commenting on the results Jill Ross, managing director, Unilever Ireland said that, whilst difficult economic conditions continued to provide a challenging environment during 2011, the company had performed well.
“With the ongoing investment made in Unilever brands, people and organisational capabilities, I believe the company is well placed for sustainable growth in Ireland in future years,” she said.