Union Bank of Nigeria PLC has announced its first quarter result, ended on the 31st March, 2019.
The financial institution reports 5% down in Gross Earnings to stand at about N37 billion away from N39 billion reported in the corresponding period of 2018.
The financial report which was made public on Monday, April 29, 2019 showed that the company’s bottom line figures of N5.274 billion recorded in the first three months, 2019 dipped by 0.26%, below N5.288 billion recorded in the Q1’2018.
The earnings per share (EPS) also fell marginally, less than 1%. The current period’s PE Ratio is at 38.65X and the earnings yield at 2.59% with a reference stock price of N7.00 per unit at the date of computation