UPDC Plc reports a loss of N1.18 billion in 9M 2021.

UPDC Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.

• Revenue for the period was N614.74 million. (+34.1% YoY)
• Cost of sales stood at N529.4 million. (+111.3% YoY)
• Administrative expenses totalled N565.3 million. (-6.3% YoY)
• An operating loss of N512.04 million was incurred during the period.
• Total assets stood at N21.15 billion during the period under review.
• Loss for the period was N1.18 billion
• Loss per share of -6 kobo Vs -34 kobo YoY.

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