Union Home posts N122.9mn Gross Earnings in Q1’19

The First quarter financial report of Union Home Real Estate Investment Trust plc for the period ended March 31st, 2019 reveals that the group declined by 15.75% in gross earnings closing at N122.9mn below the previous close of N145.9mn in 2018.

The Company’s Net Income, fell by 16.82% to arrive at N80mn from N96mn recorded in Q1’18.

With about 250mn share outstanding, the Shareholders’ earnings per share dipped by about 17% from N0.39 of the corresponding period in 2018 to N0.32 in the period under review.

At a reference price of N40.70, it traded last, the company’s PE Ratio stood at 126.9x with earnings yield of 0.79%.

 

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