By InvestAdvocate

Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) said on Tuesday its profit after tax (PAT) for the period ended March 31, 2016 climbed up marginally 0.2 percent to N16.98 billion from N16.95 billion recorded a year ago.

Profit before tax (PBT) dropped slightly 1.7 percent to N18.08 billion from N18.38 billion declared the same period of 2015.

Gross earnings of UBA also declined from N83.09 billion in the first quarter (Q1) of 2016 to N74.13 billion posted in the corresponding period of 2015; showing a drop of 10.8 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

Click here to view the Consolidated Financial Statements for the three months ended 31 March 2016