UAC of Nigeria Plc Announces Dividend for the Year 2012; Announces Board Appointments; Reports Earnings Results for the Year 2012
The company informed the shareholders of the appointment of two members of the Board of Directors of the company's subsidiary companies- Chemical & Allied Products Plc and UACN Property Development Company Plc - to the board of UAC of Nigeria Plc. They are Dr. Umaru Alka, formerly of CAP Plc board and Mr. Babatunde Oladele Kasali, formerly of UPDC Plc board.
The company reported earnings results for the year 2012. The company reported 49% rise in its operational profit to NGN 11.5 billion for 2012 as its profit before tax hit NGN 10.7 billion, up from NGN 6.96 billion in 2011. The profit after tax stood at NGN 7.1 billion.