UBA declares N2 interim dividend to shareholders, reports N316.36bn profit in HY 2024

United Bank for Africa (UBA) has declared an interim dividend of N2 to its shareholders for the period ended 30 June 2024.

The Financial Institution recorded Gross Earnings of N1.37 trillion for the 6 months period, up by 39.65% from N981.775 billion recorded the previous year.

Profit after tax of N316.36 billion was achieved for the 6 months period, down by 16.36% from N378.235 billion profit reported the previous year.

With the Shares Outstanding of 34,199,421,368, relative to the profit after tax of N316.36 billion, the earnings per share (EPS) of UBA stands at N9.25.

At the share price of N25.75, the P/E ratio of UBA stands at 2.78x with earnings yield of 35.92%.

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