University Press reports N16.8m loss in Q2 2020

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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.