UAC’s profit fell by N2.1bn in 2020

UAC of Nigeria Plc saw its profit before tax decline by 28.15 percent to N5.36 billion in 2020 from N7.46 billion a year ago.

The company reported a profit after tax of N4.33 billion last year, compared to a loss after tax of N9.26 billion in 2019, its unaudited financial statements for the year ended Dec. 31, 2020 showed.

Its revenue, however, rose to N81.59 billion from N79.20 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *