UBA files N362.9bn Turnover, recommends N0.65 as dividend.


United Bank for Africa has filed a mild 1.37 percent growth in its profit after tax (PAT) in Full Year, 2018. The financial institution’s PAT grew from 2017’s N77.5 billion to N78.6 billion recorded in the current period of 2018.

The bank’s 2018 audited financial reports that was made public, on Friday, 15th of March, 2019 revealed 11.44 percent growth in Turnover of N325.6 billion recorded in the same period the previous year to  arrive at N362.9 billion recorded in the current period under review

The earnings per share appreciated by 1.37 percent from previous year’s N2.27 to current year’s N2.30.

The current period’s PE Ratio is at 3.24x; while the earnings yield stands at 30.85% with a reference price of N7.45 at the close of trading.

A Dividend of 65kobo per ordinary share of 50k each was proposed to the shareholders, subject to the deduction of the appropriate withholding tax and approval at the Annual General Meeting of the Company, will be paid to Shareholders whose names appear in the Register of Members as at the close of business on Tuesday, April 2nd, 2019.

The Bank Register for Members will be closed from Wednesday, April 3rd, 2019 to Tuesday, April 9th, 2019.



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