University Press posts NGN89 million loss for Q2

Studio Press

University Press plc is reporting NGN89.1 million loss for the half year 2017 compared to NGN92.9 million loss recorded same period financial year 2016.

The company ended the quarter with NGN132.2 million revenue in contrast to NGN110.3 million in the previous year and gross profit was NGN78.2 million against NGN61.3 million in 2016.

University press’ total assets was NGN3.1 billion total assets in q2 2017 compared to NGN3.5 billion acquired same period 2016 while total liabilities was NGN811.9 million against NGN1.0 billion in the year before.

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