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Home Industries Company News

[Corporate Action] UACN Posts 79% Drop In PAT to N962 million In Q3’2015

Research Team by Research Team
November 2, 2015
in Company News
[Corporate Action] UACN Posts 79% Drop In PAT to N962 million In Q3’2015
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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.

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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

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