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.