UPDC REIT posts N2.16bn revenue in 12 months

UPDC Real Estate Investment Trust Plc for the period ended 31 December 2022 reported turnover of N2.16 billion. This represents 157.26% growth from the negative revenue of N3.78 billion reported the previous year.

Profit after tax of N1.596 billion was reported for the 12 months period, up by 135.62% from the loss after tax of N4.48 billion reported the previous year.