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

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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.

 

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