UACN | UAC of Nigeria - FY 2023 Quick Take : Sale of fixed assets and exchange gains boost UACN’s bottom-line

    In its 2023 audited financial results, UAC of Nigeria Plc. (UACN) reported a 10.3%y/y growth in Revenue to N120.53bn from N109.27bn in FY 2022. The Animal Feeds and Other Edibles, Paints, Packaged Foods & Beverages, and the Quick Service Restaurants (QSR) revenue segments reported growth in sales to the tune of N64.17bn, N23.89bn, N28.55bn and N3.72bn in FY 2023 from N63.46bn, N19.21bn, N23.23bn and N3.08bn in FY 2022 respectively. However, Other Revenue declined to N205m in 2023 from N297m in 2022.


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