Union Bank reports N16.92bn as profit in FY 2021

Union Bank of Nigeria on Tuesday published its Audited Financial Statements for the period ended 31 December 2021.

The Financial Institution reported the Gross Earnings of N177.27 billion for the 12 months period, up by 8.05% from N164.06 billion reported the previous year.

Profit after tax was down year on year by 9.39% to N16.92 billion from N18.67 billion profit reported in FY 2020.

Earnings per share of the Group stands at 58 kobo, down by 9.39% from the EPS of 64 kobo.

At the share price of N6.10, the P/E ratio of Union Bank stands at 10.50 x with earnings yield of 9.52%.

Source: Union Bank reports N16.92bn as profit in FY 2021 – StocksWatch (stocksng.com)


Notice: Function WP_List_Util::pluck was called incorrectly. Values for the input array must be either objects or arrays. Please see Debugging in WordPress for more information. (This message was added in version 6.2.0.) in /home/fundidqj/fundvinesecurities.com/securities/wp-includes/functions.php on line 6031

Related Posts

03

Nov
Business & Economy

ELITE WEALTH PLACEMENT FUND

Welcome to the Elite Wealth Placement Fund – a bespoke investment vehicle designed exclusively for high-net-worth individuals seeking attractive and tailored placement opportunities. Our fund is managed by a team of seasoned financial experts with a proven track record of delivering superior returns, while prioritizing risk management and long-term wealth preservation. As an exclusive member, you will […]

03

Nov
Business & Economy

PZ Cussons Nigeria Plc reports N113bn revenue, boosts profit after tax by 114% in one year

The Audited Financial Statement of PZ Cussons for the year ended 31 May 2023 show significant growth in the Company’s bottom line figures with 114% growth in its profit after tax for the 12 months period. The Group reported revenue of N113.964 billion for the 12 months period, up by 14.53% from N99.503 reported the previous year.[…]