United Capital records 2% profit increase in Q3 2019

Financial and investment banking services group, United Capital Plc, has released its results for the third quarter ended September 30, 2019. It recorded a 2.0% increase in profit for Q3 2019.

This was disclosed in the firm’s financial statements published earlier today on the website of the Nigerian Stock Exchange.

Gross Earnings: Gross Earnings for the firm slightly declined from ₦2.092 billion in Q3 2018 to ₦2.082 billion in Q3 2019, marking a 0.47% decline.

Profit before tax: This stood at ₦1.301 billion for the period under review, having increased slightly from N1.276 billion in Q3 2018; indicating a 1.9% rise.

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Profit for the Period: United Capital’s profit after tax for Q3 2019 stood at N1.093 billion. This is a 2.0% increase compared to N1.071 billion in Q3 2018.

Earnings Per Share: The Earnings Per Share, stood at ₦0.18 in Q3 2019 and ₦0.18 for Q3 2018.

About United Capital Plc

United Capital Plc is a financial and investment banking services group. Its services include investment banking, asset management, securities trading and trusteeship.

The company has a track record of assisting African Governments, individuals and corporate citizens achieve their strategic objectives throughout the market cycle, with a robust suite of financial and investment banking service offerings.

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