Unity Bank reports Gross Earnings of N23.61bn, PAT rises by 34.08%

Unity Bank Plc in its half year report for the period ended 30 June 2021 achieved year on year growth in its top line and bottom line figures.

Gross Earnings of N23.609 billion was reported for the six months period, up by 3.26% from N22.863 billion reported the previous year.

Profit after tax grew by 34.08% to N1.382 billion from N1.031 billion reported in the first half of 2020.

Earnings per share (EPS) of the bank increased to 12 kobo from the EPS of 9 kobo reported the previous year.

At the share price of 58 kobo, the P.E ratio of Unity Bank stands at 4.91x with earnings yield of 20.39%.