UAC Nigeria declares N19.55bn turnover in Q1 2020

UAC Nigeria Plc in its first quarter financial report for the period ended 31 March 2020 reported a turnover of N19.55 billion. This shows a decline of 2.94 percent when compared to the turnover of N20.14 billion in Q1 2019.

Profit after tax for the period under review rose by 87.15 percent to N1.86 billion from N996 million reported in the first quarter of 2019.

The earnings per share of the firm stands at 65 kobo, up by 87.15 percent when compared to the earnings per share of 35 kobo in Q1 2019.

With reference to the share price of N6.90, the P.E ratio of UACN is calculated as 10.62x with earnings yield of 9.42%

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