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Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit - Business - Nairaland

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Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by froz(m): 10:16am On Oct 09, 2017
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/

1 Like

Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by Nobody: 7:20am On Oct 10, 2017
Issorite
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by Emmanuel950(m): 7:31am On Oct 10, 2017
Interesting. But I don't know this company o.

1 Like

Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by brainpulse: 7:31am On Oct 10, 2017
grin
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by modelmike7(m): 7:32am On Oct 10, 2017
Good development
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by femiranking28(m): 7:32am On Oct 10, 2017
Who gets this, cause I don't

2 Likes

Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by Jeffrey12(m): 7:33am On Oct 10, 2017
Ok... Una try.
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by donmarvex1(m): 7:34am On Oct 10, 2017
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
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by Ochasky23(m): 7:36am On Oct 10, 2017
I reserve my comment
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by Nathdoug(m): 7:37am On Oct 10, 2017
D
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by 201320142015ob(m): 7:40am On Oct 10, 2017
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.......�������

4 Likes

Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by CriticMaestro: 7:41am On Oct 10, 2017
Mtchew, I'm confused
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by slurity1: 7:42am On Oct 10, 2017
tell us how much Nigeria earn
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by Positivepoint(m): 7:46am On Oct 10, 2017
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.

2 Likes

Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by currentprice: 7:50am On Oct 10, 2017
grin
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by MrGreenMavro: 7:51am On Oct 10, 2017
hmm
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by 735i(m): 7:57am On Oct 10, 2017
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!!

1 Like

Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by TeamSimple(m): 8:02am On Oct 10, 2017
Where is the recession ?
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by EponOjuku: 8:12am On Oct 10, 2017
Emmanuel950:
Interesting. But I don't know this company o.

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

1 Like

Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by EponOjuku: 8:13am On Oct 10, 2017
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.
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by Ijaya123: 8:46am On Oct 10, 2017
735i:


Guy keep quiet!!

The truth dey bitter you?

1 Like

Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by wamiikechukwu(m): 8:52am On Oct 10, 2017
.
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by wamiikechukwu(m): 9:18am On Oct 10, 2017
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%

2 Likes

Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by realnas(m): 9:28am On Oct 10, 2017
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

1 Like

Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by realnas(m): 9:28am On Oct 10, 2017
realnas:
they would pop Moet in the club with the money
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by wamiikechukwu(m): 9:55am On Oct 10, 2017
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.
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by kolaish(m): 11:05am On Oct 10, 2017
If you are interested in the stock market, kindly join us:

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/2631
Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by Venerable612(m): 11:12am On Oct 10, 2017
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.

1 Like

Re: Q3 2017: United Capital Posts N6.2bn Earnings, N3.3bn Profit by Nevee: 9:44am On Oct 11, 2017
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.

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