WorldStage Newsonline–UAC Property Development Company Plc (UPDC) with business in real estate and hotel management has released its unaudited financial statements for the period ended 30 September 2020 with 45.65% decline in revenue to N218.517 million in Q3 from N402,086 million in same quarter in 2019.
The result for the nine months showed a decline to N458.258 million from N1.895 billion in 2019.
Meanwhile, the group cut its loss in the Q3 by 86.55% to N1.799 billion from N13.371 billion in 2019 while loss in the nine months was also cut to N3.375 billion from N14.651 billion in 2019.
