Analysis of UACN Properties Q1 Results

In: company results

29 May 2008

Find attached a report analyzing UAC Properties Q1 results. Here are some highlights:

  1. Turnover grew 52% to N1.64b.
  2. 33% improvement in PBT margin as PBT grew 81% to N545.7m.
  3. PAT grew 81% to 371m.
  4. Reduction in the Total Cost as a percentage of turnover.
  5. FSDH predicts that the company should surpass last year’s bottomline by a wide margin.
  6. Income was from 2 major sources – business properties and residential properties.
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