UPDC Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.
- Revenue for the period was N614.74 million. (+34.1% YoY)
- Cost of sales stood at N529.4 million. (+111.3% YoY)
- Administrative expenses totalled N565.3 million. (-6.3% YoY)
- An operating loss of N512.04 million was incurred during the period.
- Total assets stood at N21.15 billion during the period under review.
- Loss for the period was N1.18 billion
- Loss per share of -6 kobo Vs -34 kobo YoY.
See link to results.