Believability index shows UACN likely to deliver 3% of Q3 TO forecasts

Category: Corporate Earnings


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Believability index shows UACN likely to deliver 3% of Q3 TO forecasts

UAC of Nigeria Plc presented its Q3 earnings forecast for the period ended September 30th 2012 to the market today.
 
Proshare has reviewed the forecast against its believability index, relying on previous performances against forecast; to confirm the following:
 
That UAC of Nigeria Plc has a 117% chance of achieving or exceeding its PAT forecast and a 3% chance of delivering on its Turnover projections for the period in view. 
 
The PAT of N7.7billion recorded in Q2’11 against forecast of N1.42billion, had overweight impact on this believability index considerably.
 
This weights fall within the 'most believable' forecast range for quoted companies in the sector.   
 
 
For further enquiries, Please contact analyst@proshareng.com , 00234-1-7624131


Tags: UAC of Nigeria Plc,  Diversified Industries , Conglomerates sector,  NSE ,  Proshare News, 


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