Home Business UBA Announces 29.6% Increase in Profit, Proposes N0.20 Interim Dividend

UBA Announces 29.6% Increase in Profit, Proposes N0.20 Interim Dividend

0

For half year ended June 30, 2019, United Bank for Africa plc (UBA) has announced 29..6 per cent increase in profit to N56.7billion from N43.8billion reported in prior half year ended June 30, 2018.

The management of the holdings on Friday proposed N0.20 interim dividend who invested in the financial institution.

UBA in its audited result and accounts to Nigerian Stock Exchange (NSE) also reported 20.9 per cent increase Profit/(Loss) Before Tax to N70.3 billion in H1 2019 from N58.1 billion reported in H1 2018. 

Other highlights from statement of comprehensive income showed 13.9 per cent increase in gross earnings to N293.7 billion in H1 2019 from N257.9 billion reported in H1 2018. 

Statement of financial position was also on a positve direction as total assets rose by 19.6 per cent to N5.1trillion as at June 30, 2019 from N4.27 trillion reported in full year ended December 30, 2018. 

wema_bank_salary_based_loan

Like and Share this:

ADD YOUR COMMENT

Please enter your comment!
Please enter your name here