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United Capital Sustains Growth, Value Delivery as Profit Rises 39% in Q1

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United Capital Plc, has announced its Unaudited Financial Statements for the period ended March 31, 2022 showing Gross Earnings was up 35% year-on-year to N4.21 billion, PBT grew by 36% year-on-year to N2.69 billion, and profit after tax (PAT) rose 39% year-on-year to N2.31 billion.

Speaking on the unaudited financial results, Professor Chika Mordi, the Board Chairman stated: “United Capital is on a remarkable growth path as reflected in our strong financial results in Q1- 2022. We remain uniquely positioned to increasing value delivery to all our stakeholders.”

Commenting on the Group’s performance, the Group Chief Executive Officer, Mr. Peter Ashade, said:

“As a financial market player, capital market operator, investment manager, and consumer
lender, we play a unique role in expanding service offerings in the financial services ecosystem while creating and distributing wealth amongst diverse stakeholders.

United Capital is on a sustainable growth trajectory driven by increasing patronage and
expanded activities across all our businesses, and market segments that we serve. We kicked-off the year 2022 on a sure footing and we are poised to deliver new services and expand into new markets to grow our businesses in line with our three-year growth strategy.”

United Capital Plc is a leading Pan-African financial and investment services group, with a
mission to provide bespoke and innovative value-added services to its client.

The group aims to transform the African continent by providing innovative and creative investment banking solutions to governments, companies, and individuals.

The company which was listed on the Nigerian Stock Exchange on the 17th of January 2013 is setting the pace to becoming the financial and investment role model across Africa, by deploying innovation, technology, and specialist skills to exceed client expectations, while creating more value for all stakeholders.

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