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University Press declares N226.36m as profit in 9 months

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University Press declares N226.36m as profit in 9 months

University Press Plc on Tuesday published its third quarter report for the period ended 31 December 2023.

The Company reported a turnover of N2.38 billion for the 9 months period, up by 17.99% from N2.02 billion reported the previous year.

Profit after tax of the Company grew mildly by 2.79% to N226.36 million from N220.208 million reported the previous year.

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Earnings per share of the Company stands at 52 kobo.

At the share price of N3.36, the P/E ratio of University Press Plc stands at 6.4x with earnings yield of 15.62%.

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