United Capital Plc reports N2.3bn as profit in Q1 2022

United Capital Plc on Wednesday published its first quarter report for the period ended 31 March 2022.

The stockbroking firm reported the Gross Earnings of N4.21 billion for the 3 months period, up by 35.02% from N3.12 billion reported the previous year.

Profit after tax grew year on year by 39.19% to N2.31 billion from N1.66 billion profit reported in Q1 2021.

Earnings per share of the UCAP stands at 38 kobo, up by 39.19% from the EPS of 28 kobo.

At the share price of N13.85, the P/E ratio of UCAP stands at 35.99x with earnings yield of 2.78%.

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