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Tuesday, March 28, 2023

United Capital Sustains Growth in Q3 as PBT Rises 29%

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United Capital Plc, has announced its Unaudited Financial Results for the period ended September 30, 2022, showing Gross Earnings grew by 28% year-on-year to N14.55 billion, and profit before tax (PBT) increased by 29% year-on-year to N9.12 billion.

Profit after tax or PAT rose by 29% year-on-year to N7.72 billion and total assets grew by 31% year-to-date to N 595.97 billion.

Commenting on the unaudited financial results, the Group Chief Executive Officer, Mr. Peter Ashade, had this to say:

“I am pleased to inform our stakeholders that United Capital achieved another outstanding performance in the third quarter of the year. This is a fulfilment of our commitment to our stakeholders to keep delivering enhanced returns and driving sustainable growth across all our business lines. In the fourth quarter of the year 2022, we expect global financial conditions to remain tight, presenting growth challenges for emerging economies. We remain committed to facilitating capital flows to critical sectors that drive growth and national development in our domestic economy while striving to create and preserve wealth for our clients, investors, and stakeholders amid the tough operating environment.”

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