United Capital Records N3.59bn Profit After Tax In Q1

United Capital Plc has declared profit after tax of N3.59 billion net profit in its first quarter (Q1) unaudited financial results ended March 31, 2024.

The company, in its Q1 results released on the Nigerian Exchange (NGX), showed that profit after tax grew by 47 per cent to N3.59 billion in Q1, 2024 compared to N2.44 billion in Q1, 2023. Also, the annualised earnings per share amounted to N2.39 in Q1 2024 from N1.63 kobo in Q1 2023, a growth of 47 per cent growth year-on-year.

He stated that, “the healthy performance witnessed in the first quarter of the year despite the difficult operating environment reflects the strength of our business model including the effective execution of our transformative and purpose driven strategy.

“Our unique organisational structure positions us well to serve our customers in the most beneficial way thereby capturing a holistic view of our customer needs.”

Going into the remaining quarters of the year, Ashade said “we are confident that through the diligent execution of our well-thought-out strategies, we are on track to attain new heights.

“Our Stakeholders can be rest assured of our resolve to continue to deliver excellent services while staying true to our global commitment to achieve a net-zero world.”

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