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Q3 2020: UAC Of Nigeria Plc Posts 67% Decline In Profit After Tax - Investment - Nairaland

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Where Can I Invest 2 Million Naira In Order To Get Enough Profit After A Year? / FY 2020-UAC Of Nigeria Plc Posts 27.8% Drop In Profit From Continuing Operations / Invest 100k To 250k And Get 35% Profit After 6 Weeks - Abuja Only (2) (3) (4)

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Q3 2020: UAC Of Nigeria Plc Posts 67% Decline In Profit After Tax by Investogist: 11:39am On Nov 01, 2020
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...


read full article at https://investogist.com/q3-2020-uac-of-nigeria-plc-posts-67-decline-in-profit-after-tax-from-continuing-operations/

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