UAC of Nigeria PLC 2021 AR2
The report highlights UAC of Nigeria PLC's operational and financial performance for the fiscal year 2021. During the year, the company simplified its group structure by completing the merger of its paints businesses, acquiring 100% ownership of UAC Foods, and unbundling UPDC REIT units to shareholders. Financially, revenue grew by 25% to reach ₦101 billion, although profitability was impacted by rising raw material costs and supply chain disruptions. The company also advanced its ESG agenda by collaborating with the International Finance Corporation on the Nigeria2Equal Gender Program and investing in energy optimization.
Company: UAC of Nigeria PLC
Sector: Consumer Staples
Country: Nigeria
Year: 2021
Type: AR2
Pages: 220
UAC of Nigeria PLC
Annual Report
The report highlights UAC of Nigeria PLC's operational and financial performance for the fiscal year 2021. During the year, the company simplified its group structure by completing the merger of its paints businesses, acquiring 100% ownership of UAC Foods, and unbundling UPDC REIT units to shareholders. Financially, revenue grew by 25% to reach ₦101 billion, although profitability was impacted by rising raw material costs and supply chain disruptions. The company also advanced its ESG agenda by collaborating with the International Finance Corporation on the Nigeria2Equal Gender Program and investing in energy optimization.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees