University Press reports N2.3bn as turnover
University Press

Adebayo Obajemu

University Press Plc posted its audited reports for the year ended 31 March 2022 on Wednesday.

The publishing giant posted a turnover of N2.306 billion for the 12 months period, up by 62.44% from N1.419 billion reported in 2021.
This positive development is driven by growth in sales of printed books in Western, Eastern and Northern zone of the country.

Profit after tax rose significantly by 263.34% to N207.492 million from N57.107 million reported in the previous year.

Earnings per share (EPS) of the firm shot up to 48 kobo from the EPS of 13 kobo.

At the share price of N2.35, the P/E ratio of University Press stands at 4.90x with earnings yield of 20.43%.

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