United Capital Plc declares N7.7bn profit in 9 months

United Capital Plc on Friday published its Third Quarter report for the period ended 30 September 2022.

A turnover of N14.456 billion was reported for the 9 months period, up by 28.40% from N11.329 billion reported the previous year.

Profit after tax grew year on year by 29.34% to N7.715 billion from N5.965 billion reported the previous year.

Earnings per share of the Financial Institution increased by 29.34% to N1.29 from the EPS of N0.99 achieved the previous year.

At the share price of N11.35, the P/E ratio of United Capital stands at 8.83x with earnings yield of 11.33%.

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