UPDCREIT declares N423m PAT in Q1 2020 Unaudited Results,(SP:N3.15k)


Monday, May 04, 2020 / 3:26 PM / NSE

UPDC Real Estate Investment Trust released its Q1 2020 Unaudited results for the period ended March 31st, 2020.

Key Highlights

  • Net Income grew by 4.16% to N609m from N585 in the previous quarter.

  • Profit before tax declined by 10.9% to N423m.

  • Profit after tax declined by 10.9% to N423m.

  • Net Assets also declined by -7.6% to N30.5bn from N33bn.

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