By InvestAdvocate

Lagos (INVESTADVOCATE) – Nigeria’s Unity Bank Plc Monday posted a 63.6 percent (63.6%) in its Profit After Tax (PAT) for the period ended June 30 2012.

This is contained in the Bank’s Second Quarter (Q2) result to the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available to www.investadvocateng.com.

To record the 63% growth, PAT of the Bank increased from N1.832 billion in the Q2 of 2011 to N2.997 billion in the review period of year 2012; indicating 63% growth.

Similarly, the Bank posted a Profit Before Tax (PBT) of N2.155 billion in Q2 of 2011 compared to N3.526 billion in the Q2 of year 2012; showing a rise in PBT of 63%.

Gross Earnings also, increased from N20.994 billion in the Second Quarter of 2011 to N25.935 billion in the Q2 of 2012; showing an increase in Gross Earnings of 23.5%.

As at Monday the share price of Unity Bank was flat at 50 Kobo per share.

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