United Capital reports N2.44bn profit in Q1 2023

United Capital Plc has published its first quarter report for the period ended 31 March 2023. The financial institution achieved growth in its top line and bottom line figures.

Gross Earnings of N5.34 billion was reported for the 3 months period, up by 26.87% from N4.21 billion reported same period in 2022.

Profit after tax of N2.44 billion for the period under review, up by 5.74% from N2.31 billion reported the previous year.

Earnings per share of UCAP stands at 41 kobo.

At the share price of N11.50, the P/E ratio of UCAP stands at 28.27x with earnings yield of 3.54%.

Source: United Capital reports N2.44bn profit in Q1 2023 – StocksWatch (stocksng.com)

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