By InvestAdvocate

Lagos (INVESTADVPCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) said on Thursday its profit for the nine month period ended September 30, 2015 climbed up 44.4 percent to N48.55 billion from N33.62 billion recorded a year ago.

Similarly, profit before tax (PBT) grew 34.8 percent to N57.36 billion from N42.54 billion reported in the same period of 2014.

Also, gross earnings of UBA increased from N210.71 billion in the third quarter (Q3) of 2014 to N247.20 billion in the review period of 2015; indicating a growth of 17.3 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

However, at the close of today’s transactions on the Nigerian bourse, share price of UBA dropped 1.91 percent to N4.10 from N4.18 recorded the previous session; losing 0.08 kobo per share.