Investogist
No Result
View All Result
Thursday, June 26, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

    US military strikes Iran

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    Yahoo boys launder money for ‘politically exposed persons’ – EFCC boss

    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

    Student Loan Act: How to apply for the loan, all you need to know

    The increased prices of driver’s licenses, number plates set to take effect

    Trump congratulates Nigeria for Banning Twitter, says more countries should do same

    Trump bans citizens of 12 countries from entering the U.S, full list

    France launches mandatory online visa appointments for travelers

    France launches mandatory online visa appointments for travelers

    Federal Government declares June 6 and 9 public holidays

    Federal Government declares June 6 and 9 public holidays

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Sovereign Trust Insurance Plc grows Profit after tax by 43%  in Q1 2021

    Sovereign Trust Insurance Plc appoints Abimbola Oguntunde as New Board Chairman

    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

    Zenith Bank to exit CBN forbearance restriction end of June, confident in dividend payments

    FY 2020: FCMB Group Plc gross earnings, profit, assets see double-digit growth rates

    FCMB Group Plc addresses CBN’s forbearance loans directive, details capital management plans

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    Renaissance Capital names banks affected by CBN’s dividend payout suspension

    Dangote Refinery further reduces Diesel and Aviation fuel prices

    Dangote Petroleum Refinery to begin distribution of PMS and Diesel nationwide

    United Capital Plc receives FMDQ approval to increase size of Commercial Paper programme

    United Capital Group expands into Francophone West Africa

    List of Dividends announced in 2024, qualification and payment dates

    Cornerstone Insurance Plc to pay 27 kobo final dividend for 2024 FY

    Legend Internet Plc reports N32.9 million profit for Q1 2025

    Legend Internet Plc reports N32.9 million profit for Q1 2025

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin crosses US$60K, approaches All-Time High

    Bitcoin (BTC) rises above US$80,000

    Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

    NGX RegCo suspends Trading of Oando Plc shares

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

    US military strikes Iran

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    Yahoo boys launder money for ‘politically exposed persons’ – EFCC boss

    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

    Student Loan Act: How to apply for the loan, all you need to know

    The increased prices of driver’s licenses, number plates set to take effect

    Trump congratulates Nigeria for Banning Twitter, says more countries should do same

    Trump bans citizens of 12 countries from entering the U.S, full list

    France launches mandatory online visa appointments for travelers

    France launches mandatory online visa appointments for travelers

    Federal Government declares June 6 and 9 public holidays

    Federal Government declares June 6 and 9 public holidays

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Sovereign Trust Insurance Plc grows Profit after tax by 43%  in Q1 2021

    Sovereign Trust Insurance Plc appoints Abimbola Oguntunde as New Board Chairman

    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

    Zenith Bank to exit CBN forbearance restriction end of June, confident in dividend payments

    FY 2020: FCMB Group Plc gross earnings, profit, assets see double-digit growth rates

    FCMB Group Plc addresses CBN’s forbearance loans directive, details capital management plans

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    Renaissance Capital names banks affected by CBN’s dividend payout suspension

    Dangote Refinery further reduces Diesel and Aviation fuel prices

    Dangote Petroleum Refinery to begin distribution of PMS and Diesel nationwide

    United Capital Plc receives FMDQ approval to increase size of Commercial Paper programme

    United Capital Group expands into Francophone West Africa

    List of Dividends announced in 2024, qualification and payment dates

    Cornerstone Insurance Plc to pay 27 kobo final dividend for 2024 FY

    Legend Internet Plc reports N32.9 million profit for Q1 2025

    Legend Internet Plc reports N32.9 million profit for Q1 2025

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin crosses US$60K, approaches All-Time High

    Bitcoin (BTC) rises above US$80,000

    Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

    NGX RegCo suspends Trading of Oando Plc shares

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business

University Press Plc reports N2.065 billion Profit for FY 2020, declares 15kobo dividend

Sunday, 30 August 2020, 1:51 pm
in Business, Companies
0
University Press Plc reports N2.065 billion Profit for FY 2020, declares 15kobo dividend
Share Share Share Share Send as Email

University Press Plc (NSE Ticker: UPL) did not disappoint shareholders and investors with its financial performance for the full year ended 31 March, 2020. The printing and publishing company declared a dividend of 15kobo per ordinary share, a handsome dividend yield of 9.2% when calculated at the current share price of N1.63.

UPL on Friday 28 August, 2020 released its financial statements for the full year period ended 31 March, 2020, to the Nigerian Stock Exchange and the Investing public.

  • Have you read?
  • Ellah Lakes Plc is raising $40 million despite Zero Revenue in Current financial year
  • GUINNESS reports 329.38% decline in Profit in 2020, writes off N10.266 billion worth of Assets

The company’s share price had already risen by 31.45% in the week to occupy the top of the gainers table; it began the week at N1.24 and closed at N1.63.

Analysis of the report: Income Statement

The company reported a 10.80% decline in revenue, from the N2.315 billion in 2019 to N2.065 billion in the year in review. The company’s revenue come from sales in 3 zones of the country, only the Eastern zone recorded growth in revenue; Western zone revenue declined from N986.476 million in 2019 to N918.149 million, Eastern Zone revenue grew from N467.800 million to N508.346 million, while the Northern zone declined from N861.429 million to N639.112 million.

A further review of the income statement shows that the company makes most of its revenue from the “Primary” product type which accounted for N1.207 billion (2019: N1.397 billion), the “Secondary” products type accounted for N789.429 million (2019: N854.010) while the “Tertiary/General reference” accounted for N68.678 million).

Possibly in response to the reduced revenue, the company also reduced its cost of sales by 19.21%, to record a gross profit of N1.220 billion (2019: N1.269 billion). Thus, the gross profit margin for the year was 59.09%, an improvement on the 54.84% achieved in the preceding year.

Further 6.97% reduction in the administrative expenses and also reduction in marketing and distribution expenses ensured that the company turned out an operating profit of N152.221 million, 24.02% growth from the N122.736 million operating profit reported in 2019.

After all expenses and tax, UPL reported a profit of N127.186 for the period, an increase of 16.68% from the N109.003 million reported in 2019. This represents a net profit margin of 6.16% (2019: 4.71%) and an Earnings Per Share (EPS) of 29kobo.

Analysis of the report: Statement of Financial Position

The company’s balance sheet shows no significant changes from what it was as at 31 March, 2019. There was only 0.53% reduction in total assets, a 9.23% reduction in total liabilities and a 2.39% increase in the total equity.

The reduction in the total liabilities was driven by a reduction in the trade payables, which was N557.435 million as at 31 March, 2020, but N404.506 million as at 31 March, 2020.

Analysis of the company’s balance sheet shows that 77.07% of its total asset is being funded by the shareholders’ equity while 22.93% was being funded by liabilities (In 2019, Shareholders’ equity funded 74.87% of total assets while 25.13% was funded by liabilities).

Interestingly, the company has no loans or borrowings on its balance sheet, neither short term nor long term debts.

Analysis of the report: Statement of Cash Flows

A review of the statements of cash flows, shows that the company was able to improve its cash flow, as at the end of the period in review, although this was not from its operating activities.

The cash movement was as follows;

  • Net cash from operating activities was N138.839 million, down from N322.024 million recorded at the end of the preceding year.
  • Net cash used in investing activities reduced to N28.974 million from N133.331 million, as the company spent less money on the purchase of property plant and equipment.
  • Net cash used in financing activities remained the same; N64.712 million. In the absence of debts to repay or interest to pay on debts, the only expense here was the payment of dividend to shareholders.

Overall, the cash and cash equivalent the company had as at 31 March, 2020 was N576.853 million, up from the N531.701 million it had as at 31 March, 2019.

Table 1: Financial highlights

About the Company

University Press Plc is a company domiciled in Nigeria. It was founded in 1949 under the name Oxford University Press, Nigeria. It became incorporated as a limited liability company in 1978. It was quoted on the Nigerian Stock Exchange on 14th August 1978.

The company is engaged in the business of printing, publishing and selling of educational books. Its registered office is three crowns building, Jericho Ibadan.

UPL has a 431,409,504 outstanding shares, and a market capitalization of N703.197 billion as at the time of this report.

14.10% of the company’s stock is held by Oxford University Press, U.K while Awhua Resources Limited owns 9.31%, and Dr. Lalekan Are own 6.28%.

Price Movement

Just like every other stock on the Nigeria Stock Exchange, the company has seen an up and down movement in its price, but had rallied in the past couple of weeks to close the last trading session at N1.63, up by 27.34% YTD.

Over the last five years, the stock price has declined by 68.65%, 41.79% over the past three years, 21.26% over the past two years, but up by 18.98% over the past year.

Its 52 week high and low prices are N1.63 and N0.90 respectively.

Source: Bloomberg

Analyst’s View

Analyst at Investogist had this stock on their stock watch for the week ended 28 August, 2020 with a HOLD recommendation, having changed it from a BUY recommendation given earlier.

At current prices, the stock is trading at 5.53x its earnings, and have a Book Value of N6.19, and is mostly funded by Shareholders’ equity, all of which keeps the stock attractive.

Due to the Covid-19 pandemic and the lockdowns on economic activities, especially the closure of schools that utilize the company’s product, we believe this will have an adverse effect on the company’s financial performance in the current financial year.

We however maintain a HOLD rating on the stock from a long term perspective, but for a short term perspective, it might be better to sell the stock as it is customary for stock prices to decline post dividend.

Written by;

Nnamdi M.

Related Posts:

  • Herbert wigwe
    UPDATE: Access Bank reports N61 billion Profit in H1…
  • Jim Ovia 1
    Zenith Bank Plc declares 30 kobo interim dividend,…
  • University Press Plc Building
    University Press Plc reports 31.4% drop in annual profit
  • Segun-Agbaje-CEO-GTB 2
    Guaranty Trust Bank makes N94.271 billion profit in…
Previous Post

Ellah Lakes Plc is raising $40 million despite Zero Revenue in Current financial year

Next Post

Learn Africa Plc records N79.992 million profit for FY 2020, declares 5kobo dividend

Next Post
Learn Africa Plc records N79.992 million profit for FY 2020, declares 5kobo dividend

Learn Africa Plc records N79.992 million profit for FY 2020, declares 5kobo dividend

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

List of Dividends announced in 2024, qualification and payment dates

List of Dividends announced in 2024, qualification and payment dates

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

Honeywell Flour Mills Plc reports N14.6 billion profit for FY ended March 2025

Honeywell Flour Mills Plc reports N14.6 billion profit for FY ended March 2025

Israel and Iran agree on ceasefire – Trump

Israel and Iran agree on ceasefire – Trump

Breaking: Iran launches missiles at US bases in the Middle East

Breaking: Iran launches missiles at US bases in the Middle East

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

US military strikes Iran

US military strikes Iran

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved