UCAP records N2.7bn Profit after Tax in nine months

United Capital Plc in its third quarter 2019 financial report for the period ended, September 30, 2019 recorded N2.7 billion profit after tax, down by 10.38% from N3.08 billion recorded in the third quarter of 2018.

Turnover for the period the nine month period was N5.32 billion, down by 10.83% from the previous close of N5.97 billion.

Earnings per share declined to N0.46 from the previous earnings per share of N0.51 in the third quarter of 2018.

With reference to the share price of N2.05, the P. E ratio of First Bank Nigeria Holdings stands at 4.45x with earnings yield of 22.46%.

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