![[Corporate Action] UACN Posts 79% Drop In PAT to N962 million In Q3’2015](https://nairametrics.com/wp-content/uploads/2015/11/UAC-OF-NIGERIA.png)
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 PLC Q3 2015 | 2015 | 2014 | % Change |
| N’m | N’m | ||
| Revenue | 54,602 | 60,545 | -9.82% |
| Gross Profit | 12,008 | 13,660 | -12.09% |
| Operating Expenses | -10,308 | -8,018 | 28.56% |
| Pre-tax profits | 2,860 | 6,775 | -57.79% |
| Profit After Tax | 962 | 4,669 | -79.40% |
| Share Price (As at Press time) | N25.52 |
