UBA posts N77.13bn profit after tax in Q3’20

United Bank for Africa in its third quarter report for the period ended 30th September, 2020 recorded a growth of 5.94% in Gross Earnings, settling at N453.6 billion away from N428.2 billion reported in the same period 2019.

The report revealed that the financial institution made a pre-tax profit of N90.4 billion, shedding 8.00% from N98.2 billion reported in quarter three of 2019.

Profit after tax (PAT) of the firm also dropped by 5.51%, to close the period at N77.1 billion below the PAT of N81.6 billion filed same period previous year.

Earnings per share (EPS) of UBA stands at N2.26, down by 5.51% when compared with the EPS of N2.39 in 2019.

With reference to the share price of N8.25, the P.E ratio of UBA stands at 3.66x, with earnings yield of 27.34%.

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