UACN NIG. records 14.33% Profit growth in H1 2018

UACN NIGERIA PLC on August 1st 2018, published its 2018 Half year unaudited financial reports for the period ended June 30, 2018.

The financial report showed a 21.88% fall in topline figure from N47.3billion recorded in H1’17 to N37bilion recorded in the current period under review.

The profit after tax of N1.365 billion recorded in the review period was a 14% improvement on the previous reported N1.194 billion of same period 2017.

The earnings per share grew to 47kobo year on year from 41 kobo recorded in the corresponding period of 2017, this also represents about 14% rise in shareholders’ earnings per share.

The current period’s PE Ratio is at 27.84x and the earnings yield at 3.59%.

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