Nigeria, April 29 -- UAC of Nigeria (UACN)'s buyout of rival Chivita|Hollandia (CHI Limited) last October helped deliver a 311.4 per cent profit rise for the post-consolidation entity in the first quarter, compared to a year ago, its latest financials showed.

The conglomerate, whose operations span food and beverages, logistics, paint making, quick service restaurants and real estate, reported a 241 per cent jump in revenue to N191 billion in the review period.

That was boosted both by the CHI acquisition and topline expansion in its packaged food & beverages business and its paint division.

"Our results for Q1 2026 reflect the consolidation of C.H.I.'s performance, continued strong performance at our Packaged Food and Beverages and pa...