UBA rakes in N53.59bn profit in 3 months

United Bank for Africa in the first quarter of 2023 achieved Gross Earnings of N271.177 billion. This represents a growth of 47.46% from N183.9 billion reported the previous year.

Profit after tax of N53.589 billion was reported for the 3 months period, up by 29.14% from N41.496 billion achieved the previous year.

Earnings per share of the Group stands at N1.57.

At the share price of N7.85, the P/E ratio of UBA stands at 5.01× with Earnings Yield of 19.96%.

Source: UBA rakes in N53.59bn profit in 3 months – StocksWatch (stocksng.com)

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