By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-UTC Nigeria Plc reported a decline of 19.3 percent (19.3%) in Profit for the Year in its Second Quarter (Q2) Result for the Period Ended June 30 2012.

This is contained in the Result of the Company released Friday on the Floor of the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available to www.investadvocateng.com

Profit for the Year of Firm in the Q2 period of 2012 was N32.168 million compared to N39.864 million recorded in the Q2 period of year 2011; showing a decline of -19.3%.

Turnover also dropped from N1.552 billion in the Second Quarter of 2011 compared to N1.252 billion in the review period of year 2012; representing a drop of -19.4%.

Also, Earning Per Share (EPS) declined from 5.0 Kobo in Q2 of 2011 to 4.0 Kobo in the same period of year 2012; indicating a decline of -20.0%.