UBA posts 61.7bn PAT in Q3’18

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United Bank for Africa, a Tier 1 Financial Institution in Nigeria released its interim financial report for the period ended, September 30, 2018 on Tuesday, 16 of October, 2018.

In its third quarter report, UBA recorded 1.28 percent growth in its profit after tax (PAT), closing at N61.698bn from the previous close of N60.920bn in the third quarter of 2017.

The bank’s Nine months financial reports revealed a 12.96 percent growth in Gross Earnings, closing at  N268.937 billion from the previous close of N238.092 billion in corresponding period of 2017.

The earnings per share also appreciated by 1.12 percent to close at N1.80 from the previous EPS of N1.78

The current period’s PE Ratio is at 4.56x and the earnings yield at 21.95%.

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