UncategorizedUnited Capital Plc soars through Volatile Markets, hits 65%...

United Capital Plc soars through Volatile Markets, hits 65% PBT growth

-

- Advertisment -spot_img

United Capital Plc (“United Capital” or “The Group”), Nigeria’s leading investment bank and a foremost Pan-African financial and investment services group, announced its Unaudited Financial Statements for the period ended June 30, 2021, on July 15th, 2021, showing a Revenue of N6.85 Billion and Profit Before Tax of N3.74 Billion while delivering an Earnings Per Share of 105 kobo.

United Capital Plc remains a leader in the financial and investment services space, with a mission to provide bespoke and innovative value-added services to its clients. The group aims to transform the African continent by providing innovative and creative investment banking solutions to governments, companies, and individuals.

The Group is listed on the Nigerian Exchange Limited (NGX) and is at the forefront of becoming the financial and investment role model across Africa by leveraging on innovation, technology, and specialist skills to exceed client expectations, while creating more value for all stakeholders.

While commenting on the group’s performance the Group CEO, Mr. Peter Ashade, had this to say:
“I am excited to inform our stakeholders that United Capital Plc recorded a very impressive half-year 2021 result following a record year performance in 2020. We ended the first half of the year on a very high note as reflected in our earnings growth and strong financial performance.

United Capital Plc is in a growth phase, and I must say that our strong financial performance is a testament of our unwavering commitment to increasing value creation for all our clients amid the harsh socio-economic environment and lingering effects of the devastating pandemic.

In the remaining half of the year, we will be focused on our transformation agenda by deepening our value propositions to different market segments especially mass affluent and the underserved mass market clients, while driving phased automation of our business processes.

Our bespoke affluent segment propositions including private trusts, and wealth management solutions are curated to increase, preserve, and transfer wealth for our fast-growing affluent customer base. Furthermore, our best-in-class digital platforms remain central to our purpose of transforming lives and promoting financial inclusion across Africa by providing easy access to collective investment schemes and micro loans while promoting socio-economic development.

Our stakeholders can be assured of our commitment to delivering superior returns. More importantly, we will continue to work with our regulators and other capital market operators on structural reforms to deepen the capital market as the domestic economy continues the path to recovery”.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

“One Chance”: Police Arrest 2 Suspects, Recover N401,000 In Abuja

Police in the FCT says they have arrested two suspects in Abuja over “one chance’’ con trap, rescued a...

‘Love Castle’ Movie Highlights Nigerian Culture Interwoven With Disability

Popular Nollywood Actor, Lateef Adedimeji, during the red carpet premier of the film in Lagos, disclosed that the movie...

WHO recommends world’s first malaria vaccine for children

The World Health Organisation on Wednesday endorsed the RTS,S/AS01 malaria vaccine, the first against the mosquito-borne disease that...
- Advertisement -spot_imgspot_img

Lagos renames Gbagada housing estate after Ndubuisi Kanu

By Oluwatope Lawanson/Florence Onuegbu The Lagos State Government on Wednesday renamed the LagosHoms, Gbagada, after former Lagos State Administrator,...

World Bank projects Nigeria’s economy to grow by 2.4% in 2021 – Nairametrics

Nigeria’s economy is expected to grow by 2.4% in 2021, due to accelerated growth in Nigeria’s service sectors,...

Must read

“One Chance”: Police Arrest 2 Suspects, Recover N401,000 In Abuja

Police in the FCT says they have arrested two...

‘Love Castle’ Movie Highlights Nigerian Culture Interwoven With Disability

Popular Nollywood Actor, Lateef Adedimeji, during the red carpet...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you