UAC of Nigeria Plc began its 2025 financial year on a mixed note, reporting a pre-tax profit of N11.1 billion for the first half ended June 2025, 25% lower than the N14.95 billion posted in the same period last year.
Group Finance Director Funke Ijaiya-Oladipo told investors the drop was largely due to the absence of the hefty foreign exchange gains booked in H1 2024.
Exchange gains fell from N9.327 billion in H1 2024 to a loss of N78 million in H1 2025.
