UAC of Nigeria’s profit before tax increases by 107%

The UAC of Nigeria has reported a profit before tax of N26 billion for 2024, marking a 107 per cent increase from the N12 billion recorded in 2023.

The company disclosed this in a corporate filing with the Nigerian Exchange Ltd. on Saturday.

In 2024, UAC recorded earnings per share of 497 kobo, up from 314 kobo in 2023.

The company generated N197 billion in revenue, a 63 per cent increase from 2023.

“This growth was driven by strong sales in key segments, including Edibles and…