UPDC PLC, Nigeria’s leading development company that is into selling, and managing real estate assets has released its audited financial statement for 2021 with 359% increase in total comprehensive loss for the period to N2.015 billion from N439.150 million loss in 2020.

The first real estate company to have been listed on the Nigerian stock exchange, and offers the most diversified portfolio of residential, commercial, retail, and hospitality assets also recorded a dip in revenue to N825.404 million from N1.662 billion in 2020.