UBA reports N142.58bn as profit in Q1 2024

United Bank for Africa Plc (UBA) recently published its First Quarter report for the period ended 31 March 2024.

The Group achieved gross earnings of N570.158 billion for the 3 months period, up by 110.25% from N271.177 billion recorded in Q1 2023.

Profit after tax grew year on year by 166.07% to N142.584 billion from N53.589 billion reported the previous year.

With Shares Outstanding of 34,199,421,368 the earnings per share of UBA stands at N4.17.

At the share price of N26, the P/E ratio of UBA stands at 6.24x with earnings yield of 16.04%.

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