The company’s net finance cost is projected to hit N8.1 billion this year, up significantly from previous levels, as short-term borrowings and elevated interest rates take a toll on its bottom line.
“In Q1 2025, UACN experienced a 133.4 percent year-on-year increase in interest expense, driven by a rise in short-term borrowings,” the report said. The average i
UACN Plc is expected to record a decline in full-year profit for 2025 as rising interest expenses continue to weigh on earnings, according to a new report by CardinalStone Research.
The company’s net finance cost is projected to hit N8.1 billion this year, up significantly from previous levels, as short-term borrowings and elevated interest rates take a toll on its bottom line.
“In Q1 2025, UACN experienced a 133.4 percent year-on-year increase in interest expense, driven by a rise in short-term borrowings,” the report said. The average i