Business
UBA notches N2.5bn profit in FY 2018
By Chioma Obinagwam
United Bank for Africa (UBA) Plc has said that it posted N2.5 billion profit in its full-year (FY) period ended December 31, 2018.
This represents an increase of 2.4 percent in Profit Before Tax (PBT) from the N104.2 billion in 2017 to N106.7 in FY 2018.
Moreover, Profit After Tax (PAT) followed the same pattern, rising from N77.5 billion in 2017 to N78.6 billion in the period under review.
Further extracts from the result showed that Interest Income increased from N325.6 billion in full-year 2017 to N362.9 billion in full-year 2018.
The Group’s earnings per share also increased from N2.19 in 2017 to N2.20 in 2018.
The bank, however, announced 65 Kobo final dividend of 50 kobo per share, translating to a final dividend of 85 kobo per share.
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