Pub­licly list­ed Unilever Caribbean Lim­it­ed (UCL) yes­ter­day an­nounced the res­ig­na­tion of Cami­lo Tru­jil­lo as a di­rec­tor of the com­pa­ny. 

In a no­tice on the Trinidad and To­ba­go Stock Ex­change, Unilever said Tru­jil­lo's res­ig­na­tion will take ef­fect on De­cem­ber 31, 2024. 

Tru­jil­lo was ap­point­ed as a di­rec­tor of the com­pa­ny on De­cem­ber 31, 2022. 

"The board of di­rec­tors thanks Tru­jil­lo for his ser­vice to the com­pa­ny," UCL said. 

In Ju­ly 2023, Cos­ta Ri­can na­tion­al, Igna­cio Segares, re­signed as a di­rec­tor and as the chair­man of the board of the con­sumer goods dis­trib­u­tor. Segares was ap­point­ed as a UCL di­rec­tor and as the chair­man of the board of the com­pa­ny, with ef­fect from De­cem­ber 31, 2022. His ap­point­ment last­ed six months.    

For the nine months end­ing Sep­tem­ber 30, 2024, Unilever re­port­ed unau­dit­ed af­ter-tax prof­its of $19.38 mil­lion, a 46 per cent in­crease com­pared to the $13.27 mil­lion the com­pa­ny earned for the same pe­ri­od in 2023. 

The af­ter-tax prof­its of the per­son­al and home care com­pa­ny for the pe­ri­od Jan­u­ary 1 to Sep­tem­ber 30, 2024, were greater than the au­dit­ed $17.15 mil­lion it re­port­ed in its 2023 fi­nan­cial year. 

UCL’s rev­enue for the nine-month pe­ri­od to­taled $173.08 mil­lion, 2.96 per cent more than the $168.10 mil­lion it gen­er­at­ed for the same pe­ri­od in 2023. 

Unilever chair Daniela Bu­caro, in her re­view of the re­sults, said the rev­enue growth was pri­mar­i­ly at­trib­uted to the beau­ty and per­son­al care cat­e­go­ry (BPC), par­tic­u­lar­ly from its pow­er brands Dove, De­gree, Vase­line, and Axe. 

“These brands have con­sis­tent­ly de­liv­ered sig­nif­i­cant prof­itable growth in the year to date, out­pac­ing the over­all growth rate of the com­pa­ny. The high­ly prof­itable BPC cat­e­go­ry has in­creased to 55 per cent of to­tal rev­enue, com­pared to 50.8 per cent dur­ing the same pe­ri­od last year. 

“The ice cream cat­e­go­ry has per­formed well, ben­e­fit­ting from a change in dis­trib­u­tor which has con­tributed to the over­all prof­itabil­i­ty growth this quar­ter,” said Bu­caro. 

 She not­ed that the com­pa­ny con­tin­ues to ef­fec­tive­ly and dili­gent­ly man­age its work­ing cap­i­tal by main­tain­ing op­ti­mal in­ven­to­ry lev­els and en­sur­ing healthy re­ceiv­able lev­els while ful­fill­ing oblig­a­tions as they be­come due. That ap­proach has con­tributed to an in­crease in cash re­serves by $15.9 mil­lion.