United Bank for Africa in its half year audited financial report for the period ended June 30, 2019 recorded a profit after tax (PAT) of N56.739bn, implying a growth of 29.56% compared to what was made the previous year.
Interest Income was 204.89 billion, up by 9.39% against the previous close of N187.29 billion in half year 2018.
Profit before tax grew by 20.87%, to settle at N70.27 billion from the previous close of N58.14 billion the previous year.
Earnings per share for the period under review grew to N1.62 from the previous earnings per share of N1.23 in half year 2018.
With reference to the share price of N5.85, P.E ratio of United Bank for Africa stands at 3.61x with earnings yield of 27.69%.
The financial giant proposes 20 kobo interim dividend to shareholders which will paid on Wednesday, September 18, 2019.