HY’21: UACN declares N46bn turnover, sheds EPS by 34.15%

UAC of Nigeria Plc released its half year unaudited financial report on July 28th, 2021. The company grew its Topline figures by 26.93% to settle the period at 46.499 billion against the previous close of N36.633 billion in previous period of 2020.

The Profit before tax of the company closed at 1.296 billion, up by 25.35%, when compared with its previous close of N1.034 billion in half year of 2020.

UACN declined its Profit after tax by 34% resulting from negative impact of high cost of sales to close at N762.6 million away from the previous close of N1.158 billion in the preceding period of 2020.

Earnings per share for the period consequently dropped to N0.26 for the period under review, shedding 34.15% from EPS of N0.40 in HY’20.

With reference to the share price of N11.20, P.E ratio of UACN stands at 42.32x and earnings yield of 2.36%.

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