United Capital Plc, a leading investment banking group last week Thursday reported a profit after tax of N2billion for half year ended June 30, 2018, showing a marginal 0.68% growth when compared with N1.99billion recorded in the corresponding period of 2017.
The company’s gross earnings also rose to N3.88billion, showing a very marginal increase of 0.13% from N3.87billion in the corresponding period of 2017.
However, investment income declined to about N1.77billion from N2.01billion in the corresponding period.
Though marginal but progressive, the earnings per share stood at 34kobo which is 3% away from the previous realized earnings per share of 33kobo.
The Peter Ashade led organisation’s PE ratio stood at 9.12x at a reference price of N3.10 with an earnings yield of 10.97%.
Recall, Oluwatoyin Sanni resigned as the Group Chief Executive Officer, United Capital Plc, with the former boss of African Prudential PLC now at the helm of affair.
