By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s lender, Union Bank of Nigeria Plc said on Tuesday its pretax profit for the period ended September 30, 2015 increased 15.34 percent to N9.556 billion from N8.285 billion recorded a year ago.

Profit after tax (PAT) also grew 15.5 percent to N9.337 billion from N8.084 billion posted the same period of last year.

Also, gross earnings of Union Bank climbed up from N79.594 billion to N84.719 billion; indicating a 6.43 percent increase, the lender said in a filing with the Nigerian Stock Exchange (NSE).  

Share price of Union Bank at the end of today’s trading on the Nigerian bourse lost 1.39 percent to N5.67 from N5.75 in the review period; showing a loss of 0.08 kobo per share.