United Bank for Africa in its audited report for the period ended 31 December, 2019 recorded a growth of 13.33% in its post tax profit, settling at N89.089 billion away from the profit after tax of N78.6 billion reported in 2018.
The report revealed that the firm made a gross earnings of N559.81 billion, up by 13.31%, when compared to the gross earnings of N494.045 billion in 2018.
Interest income was up by 11.55% to settle at N404.8 billion from N362.9 billion reported in 2018.
Profit before tax (PBT) rose by 4.23%, closing at N111.29 billion away from the PBT of N106.77 billion.
Earnings per share (EPS) of UBA stands at N2.60, up by 13.33% when compared to the EPS of N2.30 in 2018.
With reference to the share price of N6.70, the P.E ratio of UBA stands at 2.58x, with earnings yield of 38.81%.
UBA proposed a final dividend of 80 kobo to its shareholders. This brings the dividend yield of the organisation to 11.94%.