United Capital Plc, a leading Pan-African investment banking group on Friday unveiled its results for the nine months ended September 30, 2017.

Details of the results show gross earnings of N6.2 billion, up 10 per cent, from N5.689 billion in the corresponding period of 2016. Investment income  improved  by 59 per cent from N688 million to N1.099 billion, while profit after tax (PAT) increased to N3.274 billion, as against N3.170 billion in 2016.

United Capital’s shareholders’ fund grew by  seven  year-to-date to N15.2 billion, a reflection of the group’s resilience and capacity to create value for its investors irrespective of the cycle over the long term, while total assets stood at N160 billion.  Additionally, United Capital’s strong balance sheet capacity reflects a strong franchise and ability to remain a trusted partner to clients in pursuit of their financial goals.

Commenting on the results, the Group Chief Executive Officer, Oluwatoyin Sanni said: “The 10 per cent growth in gross earnings reflects the positive trajectory of the group, driven by the loyal support of our esteemed customers and our results-oriented workforce. In spite of the challenging macroeconomic and business environment, we leverage innovation and tenacity to gain market share across our diversified business lines.”

She added that the company broadened its African footprint, launched new offerings to meet the evolving needs of  its clientele, and enhanced its  online trading platform (InvestNow 2.0), which is built on new technologies.

“As a recognition of our strong balance sheet, business capacity and sound governance, Agusto & Co, the foremost rating agency in Nigeria assigned United Capital an ‘A-‘ rating with a stable outlook on our Group – a top notch upgrade from ‘BBB+’ and the highest rating of an investment bank in Nigeria.

As we close out the year, our team is dedicated to sustaining this strong performance, as we remain resolute in delivering superior returns to our shareholders over the long term. We understand the importance of being nimble and innovative at all times. Our team remains optimistic and focused as we identify new opportunities across our diversified portfolio,” Sanni said.

The GCEO added that the impressive performance is an attestation of United Capital’s commitment to delivering bespoke investment banking solutions to clients across various segments of the Nigerian market and broader African continent.

SOURCE: https://brandspurng.com/q3-2017-united-capital-posts-n6-2bn-earnings-n3-3bn-profit/

Issorite

Interesting. But I don't know this company o.

Good development

Who gets this, cause I don't

Ok... Una try.

Okay. Good news for those who may want funds for investment in their business. Keep it up and remember that if una enter one chance,

I reserve my comment

I reserve my comment

D

Last night I opened the windows and let Mosquitoes enter my room then I closed the windows and I slept outside. They all got confused.......�������

Mtchew, I'm confused

tell us how much Nigeria earn

Signs of economic recovery. Companies are posting strong earnings without oil boom. Soon the situation at the bottom will start feeling the effect. Agriculture is already looking strong. Kudus to kemi and buhari for making the right choice for finance minister.

hmm

Positivepoint:
Signs of economic recovery. Companies are posting strong earnings without oil boom. Soon the situation at the bottom will start feeling the effect. Agriculture is already looking strong. Kudus to kemi and buhari for making the right choice for finance minister.

Guy keep quiet!!

Where is the recession ?

Emmanuel950:
Interesting. But I don't know this company o.

It's a Subsidiary of UBA. I think it was formerly called UBA Capital.

donmarvex1:
Okay. Good news for those who may want funds for investment in their business. Keep it up and remember that if una enter one chance,

I reserve my comment

You think this one is like MMM?

It's a subsidiary of UBA.

735i:


Guy keep quiet!!

The truth dey bitter you?

.

The reason why most people can't comments is because this is not there regular topic of Biafra and celebrities.

if and only if Nigerian youth can utilize the opportunity in the stock, forex, equility and bond market until then we will still unemployment will still be 70%

wamiikechukwu:
The reason why most people can't comments is because this is not there regular topic of Biafra and celebrities.

if and only if Nigerian youth can utilize the opportunity in the stock, forex, equility and bond market until then we will still unemployment will still be 70%

they would pop Moet in the club with the money

realnas:
they would pop Moet in the club with the money

u have no idea how the money /capitalmarket work.

how many Moet has united capital pop with investors money.

Many of these news are PR. Accounting firms like PwC and KPMG help them to make their account look good just to attract investors. Where are the Lehman Brothers of this world. I hope people who read these stuffs do more due diligence before buying their shares.

Venerable612:
Many of these news are PR. Accounting firms like PwC and KPMG help them to make their account look good just to attract investors. Where are the Lehman Brothers of this world. I hope people who read these stuffs do more due diligence before buying their shares.

Hmmm. You've actually put forth a very tenable argument, especially with reference to the Lehman Brothers saga. However, there aren't facts presently to support your argument on this particular report.

On the subject, I think the listing of UCAP is the best thing to happen to them yet and a "struggling" FBN could take a cue from this.