Quick Highlights
- Gross Profit dropped 36% to N3billion (2012: N5billion)
- Operating profit without other income was N1.4billion (2012: N3.2billion)
- Game changer was other income which rose 633% to N3.6billion (2012:N503million)
- UPDC sold off about N12billion in investment property which may have contributed to the increase in other income
- Profit after tax was N3.1billion a 44% increase from the N2.1billion posted in 2012
UPDC first released its results in the website of the NSE