Union Bank reports N9.84bn as profit in HY 2021

Union Bank of Nigeria has published its Financial Statement for the period ended 30 June 2021.

The financial institution reported Gross Earnings of N76.305 billion for the six months period, down by 6.78% from N81.857 billion reported the previous year.

Profit after tax for the six months period was N9.835 billion, down by 11.25% from N11.082 billion reported in HY 2020.

Earnings per share (EPS) of the Group dropped to 34 kobo from 38 kobo reported the previous year.

At the share price of N5.25, the P.E ratio of Union Bank stands at 15.54x with earnings yield of 6.43%.

Leave a Reply

Your email address will not be published. Required fields are marked *