UAC Property Development Company (UPDC), Nigeria’s foremost real estate investment firm, has posted a loss in the first half (H1) of 2022 totalling N72.3 million. Findings by BusinessDay showed that compared to the loss of N603.3 million reported in the first half of 2021, the reported loss was lower. The company reported a loss despite revenue which grew by 259 percent year on year (y/y) to N1.1 billion in the first half of 2022 from N316.1 million in the first half of 2021. A breakdown of the revenue by category showed that the company generated N355 million from the sale of property stock, …