United Capital Plc Half-Year Report Gross Earnings Grows by 22%

Lagos, Nigeria (Capital Markets in Africa) — United Capital Plc, one of Nigeria’s leading investment banking and financial services firms, announces unaudited earnings growth of 22% for the half year ending 30^thJune 2015 from N 2.26 billion in 2014 to N 2.75 billion in 2015.

Profit Before Tax grew by 20% from N 1.50 billion in H1 2014 to N 1.79 billion in H1 2015. Profit After Tax also improved by 13% from N 1.2 billion in H1 2014 to N 1.4 billion in H1 2015.

During the period under review, United Capital Plc successfully closed key capital market transactions that boosted its Fees and Commission Income, which accounted for 30% of Gross Earnings amounting to N 817m. In addition to this, Investment Income also rose by 53% to N 285m.

“Our strong start in Q1 has propelled the success of our business this year. Despite several challenges in the market, United Capital has managed to exhibit sustained growth for H1. We believe this upward growth will continue through Q3 and Q4. We look forward to continued delivery of superior service across all of our businesses for the second half of the year,” stated Group Chief Executive Officer, Oluwatoyin Sanni.

Some of the key transactions in H1 that led to the Company’s profitable margins include:

• UBA Rights Issue: Lead Issuing House
• Fidelity Bank bond: Issuing House and Underwriter

Based on these results, it is evident that United Capital is well positioned to further enhance its performance as it transitions to Q3. The continued competitive returns to its shareholders have consistently improved the Company’s performance across all of its strategic business units.

https://www.unitedcapitalplcgroup.com//as_uploads/1436863083H1%202015%20Result.pdf