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United Capital reports N1.9bn profit

The group is listed on the Nigerian Stock Exchange and is at the forefront of becoming the financial and investment role model by leveraging innovation,…

United Capital Plc has posted revenue of N3.12 billion and a profit before tax of N1.97 billion in its unaudited financial statements for the period ended March 31, 2021.

The company’s unaudited account for the period also showed that it delivered Earnings per Share of 111 kobo.

The group is listed on the Nigerian Stock Exchange and is at the forefront of becoming the financial and investment role model by leveraging innovation, technology, and specialist skills to exceed client expectations, while creating more value for all stakeholders.

Commenting on the group’s performance, the Group CEO, Mr. Peter Ashade said “With our well-articulated plans and solid management framework, we were able to deliver increased revenue of over 63%, increased PBT of 68% and PAT increase of 67%.

“This performance empowers us to adopt a positive outlook on the remaining part of the year 2021 as the operating environment improves supported by fiscal stimulus programmes, easing of restrictions on business operations, reopening of international and domestic travels, resumption of wholesale and retail trading activities as well as the rebound in oil prices.”

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