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Tag: UAC

UAC Nigeria reports N25.8bn pre-tax profit for 2024
Business

UAC secures FCCPC approval, completes Chivita, Hollandia acquisition

UAC of Nigeria PLC announced that it has finalized the acquisition of Chivita|Hollandia, following approval from the Federal Competition and Consumer Protection Commission. The deal, initially disclosed on July 30, 2025, transfers ownership of CHI Limited, a leading Nigerian food and beverage company known for its popular Chivita juice and Hollandia dairy brands to UAC. […]

UAC posts N12.3bn pre-tax profit in 2023, highest since 2014
Business

UAC confirms full funding for CHI acquisition

UAC of Nigeria Plc has confirmed that its planned acquisition of CHI Limited—producers of Chivita and Hollandia beverages—is fully funded and expected to close within the next two to four months, pending regulatory approvals. Group Managing Director and CEO Fola Aiyesimoju disclosed this during a recent investor call, assuring stakeholders that the deal is backed […]

UAC posts N12.3bn pre-tax profit in 2023, highest since 2014
Business

UAC inks deal to acquire CHI Limited from Coca-Cola

UAC of Nigeria PLC has signed an agreement to acquire CHI Limited, the producer of Chivita and Hollandia brands, from The Coca-Cola Company. According to a statement filed with the Nigerian Exchange Limited on Wednesday, the deal is still awaiting regulatory approval. CHI Limited is a major player in Nigeria’s food and beverage sector, known […]

UAC Nigeria reports N25.8bn pre-tax profit for 2024
News

UAC Nigeria reports N25.8bn pre-tax profit for 2024

UAC of Nigeria PLC has announced a full-year pre-tax profit of N25.8 billion for 2024, representing a 109.30% increase from N12.3 billion recorded in the previous year. The company also posted strong fourth-quarter earnings, with pre-tax profit rising 77.86% to N4.8 billion, up from N2.7 billion in the same period last year. Fourth-quarter revenue surged […]

UAC Nigeria reports N25.8bn pre-tax profit for 2024
News

UAC Nigeria reports N9.030bn pre-tax profit in Q1 2024

UAC of Nigeria Plc has unveiled a remarkable financial performance for the first quarter ending March 31, 2024. The company reported an astounding pre-tax profit of N9.030 billion, showcasing an extraordinary 1,064% year-on-year increase. This surge in profitability is indicative of the company’s robust operational capabilities and strategic initiatives. Examining the unaudited condensed consolidated financial […]

UAC posts N12.3bn pre-tax profit in 2023, highest since 2014
News

UAC posts N12.3bn pre-tax profit in 2023, highest since 2014

UAC Nigeria Plc has achieved a remarkable turnaround in its financial performance for the fiscal year 2023, posting a pre-tax profit of N12.34 billion. This marks a significant improvement from the N4.37 billion loss incurred in the previous year. Notably, the pre-tax profit for 2023 is the highest the group has recorded since 2014 when […]

UAC returns to profitable ways, reports N12.7bn profit in 2023
Business

UAC reports N3.5bn FX gain, 87.5% profit

UAC Plc published its 2023 half-year figures, showing pre-tax profits of N4 billion compared to a pre-tax loss of N966 million during the same period last year. The result of the second quarter contributed to the first half of the year’s profits increasing to N3.1 billion. The profitability was mostly due to an increase in finance […]

UAC appoints Khalifa Biobaku new vice chairman
Appointments

UAC appoints Khalifa Biobaku new vice chairman

The United African Company of Nigeria has declared that Mr. Khalifa Adebayo Biobaku has been chosen to serve as the new Vice-Chairman of the Board of Directors. The company’s secretary, Ayomipo Wey, disclosed the announcement in a statement. Wey claimed that since being appointed to the board in March 2022, he had been serving as a non-executive director […]

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