UAC Nigeria Plc declares ₦2.59 billion PAT in H1”19 Results; Revenue grows by 12.4%

Must Read

- Advertisement -

From H1’18 decline in Revenue, UAC Nig. Plc grew its H1’19 Revenue by 12.40% from ₦36.98 billion in H1’18 to ₦41.57 billion in H1’19.

This occurred due to a ₦4.68 billion increase in Sales of goods, whereas, the Revenue from Services declined by ₦90.49 million compared to prior year performance.

The firm recorded an 84.78% decline in net finance cost as a result of an increase in Interest income on short-term bank deposit and decline in interest on bank loans and an overdraft.

Similarly, the firm’s Profit Before Tax (PBT) and Profit After Tax (PAT) grew by 61.33% and 101.02% respectively to ₦3.39 billion and ₦2.59 billion in H1’19 relative to H1’18.

- Advertisement -

Investors earning are an indicator – Earnings per Share (EPS) increased by 158.33% to 62 kobo in H1’19 compare to 24 kobo in the corresponding period of 2018.

With all performance indicator printing high in H1’19, we believe UAC Nigeria is on course to declare a better dividend for its loyal investors at the end of the year if H1’19 performance is matched/surpassed in H2’19.

 

GTI Research

- Advertisement -
spot_imgspot_img

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Guinness To Roll Out Sprawling Chicago Taproom-Slash-Community Hub-Brand Spur Nigeria

Guinness To Roll Out Sprawling Chicago Taproom-Slash-Community Hub

Guinness has just announced the launch of a 15,000-square foot, community-driven taproom in Chicago’s Fulton Market.It is the second location of the new neighborhood...
- Advertisement -
spot_imgspot_img

Latest News

Guinness To Roll Out Sprawling Chicago Taproom-Slash-Community Hub

Guinness has just announced the launch of a 15,000-square foot, community-driven taproom in Chicago’s Fulton Market.It is the second...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -spot_imgspot_img