August 14, 2022

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United Capital information N9.118bn income in H1’22


United Capital has recorded income of N9.118 billion within the first half of 2022 monetary yr. The quantity represents a rise of 32.92 per cent in contrast with N6.854 billion recorded within the comparable interval of 2021.

The corporate with the interval reported revenue earlier than tax of N4.436 billion from N3.740 billion made within the previous yr, representing a development of 40.20 per cent.

In keeping with end result, the corporate paid earnings tax of N808.0 million in opposition to N598 million paid in the identical interval of 2021 bringing the revenue after tax to N4.346 billion from N3.142 billion, with acquire of 40.19 per cent.

An evaluation of the corporate end result confirmed that Funding earnings up by 9.18 per cent to N3.990 billion from N3.655 billion, charge and Fee earnings elevated by 23.86 per cent from N3.119 billion achieved within the previous interval to N3.863 billion whereas web buying and selling earnings grew to N262 million from N38 million representing 586.12 per cent.

Internet working earnings went as much as 19.14 per cent to N8.115 billion from N6.811 billion.

The corporate complete belongings elevated by 17.24 per cent to N531.791 billion from N453.598 billion within the previous yr whereas Whole liabilities rose by 19.43 per cent to N505.265 billion from N423.051 billion reported within the earlier half yr end in 2021.

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