UPDC’s Q1 Financial Performance Analyzed in 4 Key Metrics.

    By
    David Abi
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    UPDC’s Q1 Financial Performance Analyzed in 4 Key Metrics.

    UPDC Plc’s Q1 2024 Financial Performance Overview

    1. Profit Margin:
      • Q1 2024: 45.3%
      • Q1 2023: -18.2%
      • Insight: Significant improvement, indicating higher earnings from sales after costs.
    2. Earnings per Share (EPS):
      • Q1 2024: -1 kobo
      • Q1 2023: -1 kobo
      • Insight: Negative EPS remains unchanged, reflecting continued losses or excessive spending.
    3. Working Capital Ratio:
      • Q1 2024: 419%
      • Q1 2023: 404%
      • Insight: Increased efficiency in converting assets to cash for meeting short-term obligations.
    4. Debt-to-Equity Ratio:
      • Q1 2024: 122.7%
      • Q1 2023: 127.3%
      • Insight: Decreased reliance on borrowed capital, favoring equity financing.

    Revenue Breakdown:

    • Property Sales: N752 million
    • Project/Asset Management Fees: N3.6 million
    • UPDC Hotel Limited: N347 million
    • Facility Management Surcharge: N197 million

    Cost of Sales:

    • Increased by 44% to N648 million from N448 million.

    Key Points:

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