UBA reports N116bn as profit in 9 months

United Bank for Africa (UBA) on Monday published its Third Quarter report for the period ended 30 September 2022. The report shows year on year growth in the Company’s topline and bottom line figures.

Gross Earnings of N607.978 billion was achieved for the 9 months period, up by 23.48% from N492.394 billion achieved the previous year.

Profit after tax grew year on year by 10.94% to N116.042 billion from N104.597 billion reported in Q3 2021.

Earnings per share of UBA stands at N3.39, up by 10.94% from the EPS of N3.06 achieved the previous year.

At the share price of N7, the P/E ratio of UBA stands at 2.06x with earnings yield of 48.47%.

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