April 26, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-UAC Property Development Company Plc  (UPDC) on Thursday reported a loss of N899.62 million in the first quarter (Q1) period ended March 31, 2018 compared to N1.19 billion posted a year ago.

The company also recorded a loss before tax (LBT) of N745.49 million compared to N1.10 billion declared the same period of 2017.

Revenue of UPDC declined 61.45 percent to N600.26 million in the review period of 2018  from N1.55 billion recorded the corresponding period of 2017, the company said in a filing with the Nigerian Stock Exchange (NSE).