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Home Markets Equities Company Results

UPDC Real Estate Investment Trust reports profit after tax of N583.2 million in H1 2021.

Chidi Emenike by Chidi Emenike
September 16, 2021
in Company Results, Markets
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UPDC Real Estate Investment Trust released its unaudited results for the half year period ended 30th of June, 2021.

  • Income from investment property was N627 million. (-26% YoY)
  • Interest income of N159.2 million. (+3% YoY)
  • Net income for the period was N775.14 million. (-30% YoY)
  • Operating expenses totalled N86.9million. (-34% YoY)
  • Total assets during the period under review stood at N32.19 billion.
  • Profit after tax was N583.2 million. (-29% YoY)
  • Earnings per unit of 22 kobo Vs 31 kobo YoY.

See link to results.

Tags: Company Financial ResultsUPDC Real Estate Investment Trust
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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