Union Diagnostic & Clinical services reports N598m loss in Q3

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By Kayode Tokede

Union Diagnostic and Clinical Service Plc, a public quoted firm with principal activities focused on laboratory and clinical services has released its Unaudited Financial Statement for the nine  months ended September 2020 and three months ended September 2020 (Q3) with revenue of  N387.3 million  in Q3 2020 up 31.82% by from N293.8 million in Q3 2019

The revenue for the nine months ended September 2020 rose to N1.02billiofrom N947.2 million in 2019.

The company recorded loss of N598.13 million in Q3 2020 from profit of N19.48 million in Q3 2019 compared with loss of N558.6 million nine months ended September 2020 from profit of N98.5 million in corresponding period in 2019.