University Press Plc is one of the oldest, most experienced and the Nation’s Foremost Publishers of educational materials and general literature.
Founded in 1949 under the name of Oxford University Press Nigeria, and brand has grown has grown to become a key player in the industry. With the vision to be the leading knowledge-based Company leveraging on technology, value-driven services and educational products, and a well-motivated staff, UPL has been on the quest to deliver superior returns on investments to all stakeholders while impacting positively on the society.
In its audited financial report for the year ended March 31, 2018, University Press Plc grew 75.15% Profit after tax (PAT) closing at N207.411 million from N118.418 million in 2017
Profit before tax closed at N354.625 million appreciating by 115% from N164.941million it recorded in 2017.
The revenue of the firm grew 12%, closing at N1.801billion from the previous close of N1.608 billion in 2017.
Cost of sales stood at N686.515 million bringing the Gross Profit to close at N1.114 billion representing a growth of 18.52% from N940.577 million it closed in 2017.
The Net assets of the firm grew by 3.75% to close at N2.564 billion, from the previous close of N2.472 billion in 2017.
For the period under review, the Earnings Per Share (EPS) of University Press is 48.08 kobo and the PE Ratio is 5.18
In 2014, revenue grew 5.63% year on year closing at N2.44 away from the previous close of N2.31bn. However, between 2015 and 2016, revenue declined 29.10% and 15.03% closing at N1.73bn and N1.47bn respectively. Then from 2017 to 2018, revenue grew by 9.52% and 11.8%, to close at N1.61bn and N1.8bn respectively.
Consistently from 2013 till date, the company’s liquidity position is far greater than 1.0; which is good and adequate, implying that the company is covered.
The Debt to Equity ratio of University Press Plc from 2013 till date, implies a positive leverage metrics.
The Company has an effective coverage of the country and the West Africa sub-region through the strategic location of its Area Offices, Depots, Showrooms and a number of Representatives in major cities and towns nationwide and in Accra, Ghana.