Home Business Union Bank Posts N4.72 bn PAT in Q1 2016

Union Bank Posts N4.72 bn PAT in Q1 2016

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Union Bank of Nigeria Plc (UBN) has announced that it posted a Profit After Tax (PAT) of 4.72 billion in its First Quarter (Q1) report ended March 31, 2016.

This is in comparism to N2.40 billion recorded a year ago.

Similarly, Profit Before Tax (PBT) grew from N2.49 billion in the Q1 of 2015 to N4.79 billion posted in the review period of 2016.

However, gross earnings dropped marginally 0.03 percent to N27.27 billion from N27.28 posted the same period of 2015, UBN said in a filing with the Nigerian Stock Exchange (NSE) gleaned by WESTERN POST Correspondent.

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