UPDC Plc Post N3.1billion PAT

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% […]

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