Posted on July 28, 2016 by Nairametrics

Alert: UAC Of Nigeria Plc Release 2016 Half Year Earnings

UAC of Nigeria Plc released its 2016 H1 results for the period ended June 30 2016 ; See below   UAC of Nigeria UAC of Nigeria Plc 2016 H1 2015 H1 %age Change N’000 N’000 Revenue   36,802,958   37,707,568 -2% Pre-tax profits 3,933,269 4,235,676 -7% Profit after tax 2,627,127 3,125,120 -16% EPS 0.78 0.89 -12% Read More

Posted on June 10, 2016 by Nairametrics

UAC CEO Has A Stern Message For Emefiele

The Managing Director of UAC Group Larry Ettah, has delivered harsh words at the CBN Governor for the delay in revealing details of the flexible exchange rate policy. According to an article in Bloomberg the CEO had said that the central bank’s delays in announcing details of a more flexible foreign-exchange system are holding back business Read More

Posted on April 14, 2016 by Jon Snow

Currency Restrictions Becomes Unbearable As PZ Cussons Shriek

The currency restrictions imposed by the Central Bank is becoming unbearable for PZ Cussons Plc as the maker of imperial leather soap shriek as it pays 70 percent more than the official rate for dollars. PZ Cussons woes accentuate the plight or pains of consumer goods firms in Africa’s largest economy as unavailability of dollars Read More

Posted on April 4, 2016 by Princewill Smart-Ezeani

UACN: This Is How Much Power Outage Cost Us Annually

Managing Director, Gossy Natural Spring Water, Folake Oshinyemi has just revealed that the company spends between 40 and 60 percent of its income on power annually.The Nation reports. According to her, the high cost of electricity has impacted the price of the firm’s finished products, she also stated that it is unbearable for the government Read More

Posted on November 2, 2015 by Editor

[Corporate Action] UACN Posts 79% Drop In PAT to N962 million In Q3’2015

UACN released its financial results for the nine months ended 30 September 2015. The result showed that revenue dropped by 9.82% from N60 billion in Q3’2014 to N54 billion in Q3’2015. Pre-tax profits also dropped by 57.79% from N6.7 billion in Q3’2014 to N2.8 billion in Q3’2015. See Summary of result below.. UAC of NIGERIA Read More

Posted on October 20, 2015 by Editor

UAC Foods Names Chidi Okoro As MD

The Board of UAC Foods Limited on Monday announced the appointment of Mr. Chidi Okoro as the Managing Director of the company. According to the company, which is a joint venture of UAC of Nigeria Plc and Tiger Brands International of South Africa, Okoro’s appointment is effective on October 15, 2015. The company described Okoro Read More

Posted on September 25, 2015 by Editor

UACN Shareholders Okays N20bn Fresh Capital, N3.3bn Dividends

Shareholders of UAC of Nigeria Plc have approved  the request by the Board of Directors to raise additional N20 billion from the capital market to support its expansion strategy. They also authorised  payment of N3.3 billion dividends, which translates to N1.75 per ordinary share of 50 kobo each for the year ended December 31, 2014 as well Read More

Posted on August 30, 2015 by Nigerian Stock Exchange

UACN Plans Right Issue…Tells Shareholders to Be Cautious

UAC of Nigeria Plc (“UACN” or the Company”) has notified The Nigerian Stock Exchange that the Company is proposing to raise capital for its business expansion and further development of the Company and its subsidiaries. UACN states that it is presently considering certain proposals and options which will be subject to agreeing substantive terms and Read More

Posted on April 6, 2015 by Nairametrics

UAC Restaurant’s Mr Biggs post 63% drop in profits, Gala also disappoints

UACN released its 2014 results showing a 9% increase in PAT for the group. The company follwed up that release with a breakdown of the results of its major subsidiaries. The release shows the food division is currently under pressure characterized by a drop in margins and profitability. UAC Restaurants Limited (QSR) Profit Before Tax Read More

Posted on April 2, 2015 by Nairametrics

2014 Results: UAC post 17% increase in earnings

Nigerian conglomerate UAC said on Thursday its 2014 pretax profit rose marginally to 14.09 billion naira ($71 million) from 13.93 billion naira a year earlier. The company’s revenue also increased to 85.65 billion naira from 78.71 billion naira in the previous year, the company said in a statement, and proposed a dividend of 1.75 naira Read More

Posted on May 2, 2014 by Nairametrics

2014 Q1: UACN Pre-tax Profits Rise By 37%…See details

UAC of Nigeria Plc released its 2014 Q1 results posting N19.8billion in revenues a 4% rise YoY. Pre-tax profits also rose to N2.6billion for the quarter representing a 36% increase over the same period last year. Key Take outs Organic margins were relatively flat this quarter. Operating profit margins (without other income) and gross profit Read More

Posted on April 1, 2014 by Nairametrics

UACN Plc Post N9.9billion PAT…See Details

UAC Group Plc released its 2013 FY audited results showing revenue rose 13% to N78.7billion (2012: N69.6billion). Highlights Operating profit without other income dropped 15% to N9.5billion (2012: N11.3billion) Other income rose over 3000% to N5.6billion (2012:N171million). UAC Group sold investment property with a book value of about N14billion. Finance cost rose 61% to N1.2billlion Read More

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