United Bank for Africa on 22nd October, 2019 released its unaudited financial results for the period ended 30th September 2019. The result revealed that the Company grew in Revenue by 14.24% to arrive at N428 billion against the previous’ N374 billion in the corresponding period of 2018.
The Profit after Tax (PAT), also soared by 32% to close the period at N81 billion against the previous close of N61 billion in Q3’18.
With about 34 billion Share outstanding, the Shareholders’ earnings per share grew by about 32% to close at N2.39 above N1.80 recorded same period last year.
At a reference price of N5.80, the company’s PE Ratio is at 2.43x with earnings yield of 41.15%.