UBA Capital grows earnings by 241%
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.