Investors interest in the shares of UAC of Nigeria Plc and other major gainers on Monday drove the Nigerian Exchange Limited (NGX) All Share Index (ASI) higher by 1.99 percent. The shares of UACN have been on demand following the company’s disclosure that it has entered into an agreement to acquire Chivita|Hollandia (CHI Limited) from The Coca-Cola Company. Investors have continued to defy UACN half-year earnings which dropped by 23 percent on cost pressure, as the stock rallied on Monday from N88.30 to N97.10, up by N8.80 or 9.97 percent.
UAC of Nigeria Plc recorded a 22.9 percent decline in its after-tax profit to N7.36 billion in the first half of 2025, down from N9.54 billion in the same period of 2024, as higher finance costs eroded gains from operating efficiencies.
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