United Capital Plc has announced its Unaudited Financial Statements for the period ended September 30, 2021, showing revenue of N11.33billion and Profit Before Tax of N7.09bn.
Commenting on the performance, the Group Chief Executive Officer (CEO), Mr. Peter Ashade said: “We delivered an increased revenue of 60% year-on-year, Profit before tax (PBT) growth of 72% year-on-year to N7.09b and total asset growth of 80% year-to-date.
During the period under review, United Capital successfully listed three series of commercial papers worth N19.72 billion on FMDQ Securities Exchange. The CPs were issued under the company’s N50 billion commercial paper issuance program.
Ashade said the commercial papers have further positioned the firm to provide a wider range of wholesale financing solutions to its clients and complement the funding base and support for all its businesses.
He said: “Another remarkable point to note was the Nigerian Exchange Limited’s reclassification of United Capital shares from Low Price Stock Group to Medium Price Stock Group in August 2021 driven by steady growth in the company’s share price over the past months due to our consistent impressive performance over the years.
“I want to assure our stakeholders that we are optimistic on sustaining this exciting performance in the last quarter of the year and beyond. We remain focused on our transformation agenda and continue to provide best-in-class solutions to all client segments. We are also committed to delivering superior returns as we seek to always delight our shareholders.”
