Earnings Report 2013 9 Months: UPDC Post 233% Rise In Pre-Tax Profits

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UPDC released its 2013 results with revenues rising 30% to N10billion (2012 9 Months: N7.7billion). Cost of sale rose 43% compared to the prior period with Gross Profit for the end of the period at N3.3billion (8.5% YoY). Operational profits rose 31.3% YoY to N2.3billion. Pre-tax profits at the end of the period rose 233% to N2.89billion. The increase in profits was as a result of an increase in other income.

UPDC released its 2013 9 months results in the website of the NSE