UCAP files 48% PAT decline in Q1’19 reports

United Capital has reported declined Profit after tax of N644 million for the quarter ended March 31th 2019, a 48.63% drop from the N1.2 billion posted in the same period in 2018. The Topline figures of the company also dropped by 34.11% to N1.451 billion for the quarter under review.

The earnings per share reported in the review period stands at N0.11 as against the previous N0.21, representing about 49% decline from the corresponding period of 2018.

At the current price of N2.75, the PE Ratio of the company stands at 25.61x with about 3.90% earnings yield.

United Capital PLc is a financial and investment services company. The Company focuses on investment banking, asset management, trusteeship, securities and insurance. United Capital provides services to corporations, governments, high net worth individuals, institutional and retail investors across Africa.

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