UAC Nigeria posts N3.48 billion half-year profit

UAC of Nigeria Plc (UACN), in its Consolidated Statement of Comprehensive Income filed on the Nigerian Stock Exchange (NSE) on Thursday, said its half year profit-after-tax rose 3.2 percent to N3.481 billion from the N3.373 declared last year.

Pre-tax profit  at the FCMG firm was broadly flat at N5.06 billio ($31.29 million), compared with N5.11 billion.

Gross earnings rose 8 percent to 40.25 billion naira, against 37.34 billion naira in the same period of last year.