2020 FY Results: UPDC Real Estate Investment Trust records over 500% growth in Profit after tax.

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UPDC Real Estate Investment Trust released its audited full-year results for the period ended 31st of December, 2020.

• Total revenue for the period was N2.42 billion. (+2,279% YoY)
• Rental Income was N1.5 7 billion. (-7.1% YoY)
• Operating expenses totalled N480.5 million. (-11.5% YoY)
• Profit after tax was N1.93 billion. (+530.1% YoY)
• Earnings per unit of 72 kobo. (+523.5% YoY)

See link to results.