United Capital Plc has declared N9bn dividend payout to shareholders for the 2022 financial year.
“The Board of Directors at the Annual General Meeting yesterday announced a 13% year-on-year increase in profit before tax to N13.5bn, a 49% year-on-year increase in gross earnings to N26.9bn, and a 33% year-on-year increase in total assets to N601.9bn.
“The board also resolved to declare a dividend of N1.50 for every 50 kobo ordinary share, much to the satisfaction of shareholders.”
The Board Chairman, Prof. Chika Mordi, “Despite the macroeconomic pressures of 2022, the company reported an outstanding financial performance.
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He said: “the Group’s Return on Average Equity (RoAE) for the 2022 financial year was one of the highest among listed financial services institutions, signifying a solid growth in the overall profitability of the Group and its subsidiary businesses.”
Speaking on the company’s outlook for the 2023 financial year, its group Group Chief Executive Officer, Peter Ashade, said business sustainability, innovation, digitalization and increasing global competition for talent are megatrends that would define how the company would operate given its long-term business objectives and goals.
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