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

Nairametrics by Nairametrics
May 2, 2014
in Uncategorized
2014 Q1: UACN Pre-tax Profits Rise By 37%…See details
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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 margins all remained unchanged.
  • The game changer again is with other income which rose 152% to N1.2billion. In their 2013 annual report other income comprised of sale of investment property.
  • Balance sheet still looks strong with a hefty working capital of N5.3billlion available for the company to finance its operations

Screenshot (243)

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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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