Investment bank United Capital reports 41% profit surge as half-year revenue hits N9.1 billion

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Formerly the asset management unit of Tony Elumelu-backed UBA, United Capital currently has N530 billion as funds under management.

revenue for the first half of the year rose to N9.1 billion after jump in earnings from fees & commission and other income, which alone enlarged by nearly 12 times the figure reported a year ago, the earnings report of the investment bank showed on Monday.

Shares in the financial services firm had climbed up by 1.52 per cent as of 14:05 WAT on Lagos’s Custom Street after the news hit the market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines