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.

Download (275.94 KB)

CSL Stockbrokers

CSL Stockbrokers Ltd (CSLS) is a fully owned subsidiary of FCMB Group Plc, has over 30 years operating history on the Nigeria Stock Exchange and provides Institutional and corporate brokerage services to investors and select issuers. At the heart of CSLS is a robust research platform which supports local and international investors who are desirous of in-depth coverage of the Nigerian capital markets and the economy as a whole.

Latest Reports

• UNILEVER | Highlights from Investor Call with Unilever Nigeria Plc
• UBA | United Bank For Africa Q1 2024 Quick Take : Interest and Fee Income growth drive strong profit growth
• PRESCO | Presco Plc FY 2023 Quick Take : Tapered Cost of sales, biological asset revaluation gains support strong profitability
• ACCESSCORP | Access Holdings Q1 2024 Quick Take : Operating performance still strong
• INTBREW | International Breweries Q1 2024 Quick Take : Significant FX loss wipes out Q1 earnings
• NESTLE | Nestle Nigeria Q1 2024 Quick Take: FX losses erode Nestle’s profitability
• MTNN | MTN Nigeria Q1 2024 Quick Take : FX losses drag bottom-line
• WAPCO | Lafarge Africa Q1 2024 Quick Take : FX losses drag bottom-line
• BUACEMENT | BUA Cement Q1 2024 Quick Take : FX loss amidst cost pressures drag bottom-line
• INTBREW | International Breweries FY2023 Earnings Update: Low-pricing, inefficient operation and FX loss drag profitability