UPDC AND UAC RELEASE EARNINGS FORECAST FOR Q2

Related companies UAC and UPDC simultaneously released its earnings projections for the second quarter of 2013. UAC projects N37.4billion in Revenue and N2.7billion in profits. UPDC projects N6.8billion in revenue and N660million in profits.

UAC has a one year return of about 80% and currently trades at about N53. It has a trailing P.E ratio of about 11.6x and a projected P.E ratio of about 24.9x. UPDC on the other hand trades at about N15 and has a on year share price return of about 46.7% at the time of writing this blog. Their current trailing P.E ratio is about 14.8x.