UCAP Declares N3.2bn Gross Earnings, sheds 16.9% of its EPS in HY’19

The half Year financial report of United Capital Plc for the period ended June 30th 2019 reveals that the group declined by 16.53% in Gross Earnings closing at N3.239 billion from the previous close of N3.881 billion in 2018.

The Profit after Tax (PAT), dropped by 16.98% to arrive at N1.669 billion below N2.010 billion recorded in HY’18.

The company sheds its shareholders’ Earning Per Share (EPS) by 16.9%, closing at 28 kobo away from 34 kobo reported in 2018.

At a reference price of N2.18, the PE Ratio stood at 7.84x with earnings yield of 12.76%.

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