July 22, 2024
Shares

United Capital Plc has maintained its growth record, achieving an impressive 71 per cent year-on-year increase in gross earnings, taking the figure to N45.90 billion.

This remarkable achievement was recorded in its audited Financial Statements for the fiscal year ending on December 31, 2023.

Amidst economic hardship, United Capital has demonstrated resilience and sustained growth, recording impressive margins with its profit before tax increasing by 28 per cent year-on-year to N17.3 billion and profit after tax increasing by 18 per cent (N11.42 billion).

The group has seen substantial increases in its total assets, which grew by 55 per cent year-on-year to N931.95 billion, and its shareholders’ funds, which also grew by an impressive 175 per cent to N90.71 billion.

As a result of its continuous achievements, United Capital has established itself as a trailblazer in the financial services sector, consistently exceeding expectations and setting new benchmarks for excellence.

Group Chief Executive Officer, Peter Ashade, expressed his satisfaction with the Group’s performance, stating: “I am delighted to inform our stakeholders that United Capital has delivered on its promise, achieving a 28 per cent increase in profit before tax despite the challenging macroeconomic and operating environment. This underscores our unwavering commitment to enhancing shareholder value through our unique capabilities as a robust and diversified financial services Group.”

 

Shares

Leave a Reply

Your email address will not be published.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