UBA Cap­i­tal grows earn­ings by 241%

Daily Trust - - BUSINESS - From Kay­ode Ogun­wale, La­gos

UBA Cap­i­tal Plc has re­ported 240.76 per cent growth in gross earn­ings in its con­sol­i­dated fi­nan­cial state­ments ended 31 De­cem­ber, 2013.

UBA Cap­i­tal Plc is a fi­nan­cial and in­vest­ment ser­vices group pro­vid­ing be­spoke value-added ser­vice to its clients.

Ac­cord­ing to the re­sult sent to the Nige­rian Stock Ex­change (NSE) yes­ter­day in La­gos, gross earn­ings of the group climbed by N3.231 bil­lion rep­re­sent­ing 240.76 per cent from N1.342 bil­lion in 2012 to end 2013 with N4.573 bil­lion. While the com­pany’s gross earn­ings rose from N400.1 mil­lion to close at N1.141 bil­lion, rep­re­sent­ing N741 mil­lion or 185.25 per cent.

The group profit be­fore tax moved up from N844 mil­lion in 2012 to N2.639 bil­lion at the end of 2013, while the com­pany’s be­fore tax in­creased by 911.31 per cent or N467.5 mil­lion to end 2013 with N518.8 mil­lion from N51.3 mil­lion.

In the same vein, the group profit af­ter tax stood at N2.083 bil­lion in 2013 from N1.418 bil­lion in 2012; rep­re­sent­ing N665 mil­lion or 46.9 per cent in­crease.

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