United Capital Records N4.2bn Gross Earnings

📆 15/04/2022 15:10:00
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United Capital Plc, has recorded N4.2billion gross earnings, representing a growth of 35 per cent in the first three months period ended March 31, 2022.

The company’s unaudited financial statements for first quarter , 2022 released on the Nigerian Exchange Limited showed that gross earnings grew to N4.212 billion from N3.120 billion as at March 2021.

Profit before income tax rose 36 per cent from N1.975 billion in Q1, 2021 to N2.688 billion in Q1, 2022, while profit for the period under review jumped from N1.659 billion in Q1, 2021 to N2.309 billion in Q1, 2022. Earnings per share increased to N1.54 compared to N1.11 achieved in Q1, 2021.

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