UPDC reports loss of N603.3 million in HY 2021.

UACN Property Development Company Plc (UPDC) released its unaudited financial statements for the period ended 30th of June, 2021.

• Revenue for the period was N316.1 million. (-8.8% YoY)
• Cost of sales was N260.53 million. (+6.3% YoY)
• An operating loss of N88.7 million was incurred during the period.
• Administrative expenses totalled N423.85 million. (+29.4% YoY)
• Loss for the period was N603.3 million
• Loss per share of -3kobo Vs -50kobo YoY.
• Total assets for the period stood at N22.04 billion

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