BY KENNETH EZE
United Capital Plc, has announced that its Profit Before Tax grew by 72 per cent to N7.09 billion in the first nine months of 2021. From its Unaudited Financial Statements for period ended September 30, 2021, the group reported a revenue of N11.33 billion and PBT of N7.09 billion, and an Earnings Per Share of 133 kobo.
The group, listed on the Nigerian Exchange Limited (NGX), said it is leveraging innovation, technology, and specialist skills to exceed client expectations, while creating stronger value for all stakeholders, with sights set on the African continent.
Its total shareholders’ fund for the period stood at N26.9 billion, while total assets stood at N400.75 billion, representing an 80 per cent, growth, year-to-date.
The Group Chief Executive Officer, Peter Ashade, said, “United Capital in 9M 2021, successfully listed three series commercial paper worth N19.72 billion on FMDQ Securities Exchange.”
According to him, the CPs were issued under the Company’s N50 billion commercial paper issuance programme.
He maintained that the development has positioned the group as a company to provide a wider range of wholesale financing solutions to its clients and complement funding base and support for all its businesses.
