UAC of Nigeria Plc (NSE – UACN) recorded a 67% decline in profit after tax from continuing operations despite a 1.7% rise in revenue largely due to 18.0% increase in the operating expense according to the Unaudited Financial Statements for the Period ended 30 September 2020 filed with the Nigerian Stock Exchange.

Revenue in 9M 2020 increased 1.7% YoY to ₦57.8 billion supported by sales growth in the Animal Feeds & Other Edibles segment (+3.6% YoY) which was considered an essential service during restrictions to the movement of people and goods to curtail the spread of COVID-19.

Major components of UAC of Nigeria PLC revenue...


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