United Capital Plc on Thursday published its Second Quarter report for the period ended 30 June 2021.
The reports shows significant growth in the company’s topline and bottom line figures year on year.
Gross Earnings of N6.85 billion was reported for the six months period, up by 54.13% from N4.45 billion reported in Q2 2020.
Profit after tax grew by 64.21% to N3.14 billion from the post-tax profit of N1.91 billion reported the previous year.
Earnings per share increased to 52 kobo from the EPS of 32 kobo, which translates to 64.21% growth year on year.
At the share price of N6.30, the P.E ratio of UCAP stands at 12.03x with earnings yield of 8.31%.
Commenting on the group’s performance the Group CEO, Mr. Peter Ashade, stated thus:
“I am excited to inform our stakeholders that United Capital Plc recorded a very impressive half year 2021 result following a record year performance in 2020. We ended the first half of the year on a very high note as reflected in our earnings growth and strong financial performance.
United Capital Plc is in a growth phase, and I must say that our strong financial performance is a testament of our unwavering commitment to increasing value creation for all our clients amid the harsh socio-economic environment and lingering effects of the devastating pandemic.
In the remaining half of the year, we will be focused on our transformation agenda by deepening our value propositions to underserved market segments especially mass affluent and mass market clients, while driving phased automation of our business processes.
Our bespoke affluent segment propositions including private trusts, and wealth management solutions are curated to increase, preserve, and transfer wealth for our fast-growing affluent customer base. Furthermore, our best-in-class digital platforms remain central to our purpose of transforming lives and promoting financial inclusion across Africa by providing easy access to collective investment schemes and micro loans while promoting socio-economic development.
Our stakeholders can be assured of our commitment to delivering superior returns. More importantly, we will continue to work with our regulators and other capital market operators on structural reforms to deepen the capital market as the domestic economy continues the path to recovery”.