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Home Opinions Blurb

UACN Plc Post N9.9billion PAT…See Details

Nairametrics by Nairametrics
April 1, 2014
in Blurb, Company News
UACN Plc Post N9.9billion PAT…See Details
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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 (2012:N781million)
  • Profit after tax for the year was N9.9billion compared to N7.1billion posted in 2012
  • Return on equity was 15% compared to 12% posted in 2012
  • They proposed a dividend payment of N1.75 with a closure date of May 7 2014.

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Tags: News ReviewUACN
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Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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