University Press reports N16.8m loss in Q2 2020


By Kayode Tokede

University Press Plc has released its unaudited statement of profit or loss and other comprehensive income for the second quarter ended  September 30th, 2020 with revenue April – Sept. to N293.62 million from  N1.66 billion in six months 2019

Revenue for the second quarter 2020 dropped to N 210.19 million N1.56billion in Q2 2019.

Loss after tax from continuing operations stood at N92.9 million in six months of 2020 from a profit after tax of  N317.65  million in 2019, while loss in the Q2 stood at N16.8 million from a profit of N459.12 million in 2019.