Union Diagnostics declares NGN193.8 million profit in nine months

Union Diagnostic

Union Diagnostic & clinical services in its financial report for the nine months ended September said its net profit surged by 32% to NGN193.8 million compared to NGN143.8 million same period in the year 2016.

The company said it recorded NGN986.0 million revenue for the period in contrast to NGN921.9 million recorded in the previous year while gross profit remained at NGN497.9 million against NGN476.9 in the year before.

Depreciation and impairment for the period was NGN23.5 million compared to NGN27.6 million posted in the year 2016 while operating profit was NGN212.1 million against NGN150.7 million recorded in the year before.

Total assets declared by Union Diagnostics for the nine months was NGN4.3 billion compared to NGN4.0 billion recorded in 2016 while total liabilities was NGN130.0 billion versus NGN 153.5 billion in 2016.

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