Analysis of UACN Properties Q1 Results

Find attached a report analyzing UAC Properties Q1 results. Here are some highlights:

Turnover grew 52% to N1.64b.
33% improvement in PBT margin as PBT grew 81% to N545.7m.
PAT grew 81% to 371m.
Reduction in the Total Cost as a percentage of turnover.
FSDH predicts that the company should surpass last year’s bottomline by a wide margin.
Income was from 2 major sources - business properties and residential properties.