UPDCREIT declares N817m PAT in Q2 2020 Unaudited Results, (SP:N3.50k)


Tuesday, July 28, 2020 1:18 PM / By NSE / Header Image Credit: African Housing

UPDC Real Estate Investment Trust released its Q2 2020 Unaudited results for the period ended June 30th, 2020.

Key Highlights

  • Net Income declined by -4.8% to N1.1bn from N1.16bn in the previous quarter.

  • Profit before tax declined by 14% to N817m.

  • Profit after tax declined by 14% to N817m.

  • Net Assets declined by -6.4% from N33.5bn to N31.4bn.

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