United Capital boosts half year profit by 41.19% to N4.4bn

United Capital Plc in its published Second Quarter report for the period ended 30 June 2022 achieved significant growth in its top line and bottom line figures.

The Group reported Gross Earnings of N9.11 billion for the six months, up by 32.93% from N6.85 billion reported the previous year.

Profit after tax grew by 41.19% to N4.436 billion from N3.142 billion reported in Q2 2021.

Earnings per share increased to N0.74 from the EPS of N0.52, which translates to 41.19% growth year on year.

At the share price of N13.00, the P.E ratio of United Capital stands at 17.58x with earnings yield of 5.69%.

Source: United Capital boosts half year profit by 41.19% to N4.4bn – StocksWatch (stocksng.com)

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