UBA grows Q3 profit by 35.61% to N104.6bn

United Bank for Africa on Sunday published its third quarter report for the period ended 30 September 2021.

The report shows significant growth in the Group’s top line and bottom line figures.

Gross Earnings of N489.192 billion was achieved for the nine months period, up by 7.83% from the Gross Earnings of N453.67 billion the previous year.

Profit after tax grew year on year by 35.61% to N104.597 billion from N77.132 billion reported in Q3 2020.

Earnings per share for the period under review stands at N3.06, up by 35.61% from the EPS of N2.26 in Q3 2020.

At the share price of N8.40, the PE ratio of UBA stands at 2.75x with earnings yield of 36.41%.

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