United Capital reports 146% jump in PAT in 9 months
United Capital has recorded N4.7 billion profit after tax from N1.6 billion in prior nine months of 2015. This was contained in the unaudited nine month unaudited results made available to stock market operators by the NSE. Consequently, the group results ended the nine months of 2016 with a profit before tax of N3.96 billion, […]
United Capital has recorded N4.7 billion profit after tax from N1.6 billion in prior nine months of 2015.
This was contained in the unaudited nine month unaudited results made available to stock market operators by the NSE.
Consequently, the group results ended the nine months of 2016 with a profit before tax of N3.96 billion, indicating a growth of 65 per cent as against N2.4 billion.
The company’s gross earnings rose by 39 per cent to N5.7 billion in Q3 2016, from N4.1 billion posted in the corresponding period of 2015.
Investment income rose from N491 million to N2.6 billion, while fees and commission income grew from N1.1 billion to N1.4 billion.
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