University press Q3 result reflects positive margins

University Press Nigeria Plc has shown commitment t to rewarding shareholders with enhanced values as its performance indices continue on bullish note.

The company’s unaudited statement of comprehensive income for the third quarter ended 31st December 2017 showed progressive growth in its profit and loss lines growing shareholders chances of better earnings from dividend payments.

University Press nine months and Q3 results released by the Nigerian stock Exchange recently showed that revenue for the nine months period closed higher at N 1,715,007 from N1.505,386 posted in the same period of 2016.

For the three months period, the company also posted about 19 per cent increase in gross profit which closed at N1, 031,734 for the nine months period ended 31 December ,2017, from N 947,339 recorded in the same period of 2016.

Bonny Amadi