UPDC Real Estate Investment Trust released its unaudited results for the half year period ended 30th of June, 2021.
- Income from investment property was N627 million. (-26% YoY)
- Interest income of N159.2 million. (+3% YoY)
- Net income for the period was N775.14 million. (-30% YoY)
- Operating expenses totalled N86.9million. (-34% YoY)
- Total assets during the period under review stood at N32.19 billion.
- Profit after tax was N583.2 million. (-29% YoY)
- Earnings per unit of 22 kobo Vs 31 kobo YoY.
See link to results.