Home Business UBA Says Q1 2016 Profit Goes Up Marginally By 0.2 %

UBA Says Q1 2016 Profit Goes Up Marginally By 0.2 %

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United Bank for Africa Plc (UBA)’s Profit After Tax (PAT) for the period ended March 31, 2016  has appreciated by 0.2 percent to N16.98 billion from N16.95 billion recorded a year ago.

Also, the Profit Before Tax (PBT) dropped slightly by 1.7 percent to N18.08 billion from N18.38 billion declared during the same period of 2015.

UBA

Gross earnings of UBA also declined from N83.09 billion in the first quarter (Q1) of 2016 to N74.13 billion posted in the corresponding period of 2015, showing a drop of 10.8 percent, the bank made this known in a filling sent to the NSE.

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