By Abdulquddus OKELE InvestAdvocate
Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) on Friday announced its pretax profit for the period ended December 31, 2017 climbed up 16.1 percent to N105.26 billion from N90.6.4 billion recorded a year ago.
Similarly, profit after tax (PAT) grew 8.8 percent to N78.59 billion from N72.26 billion declared the same period of 2016.
Gross earnings of the bank increased from N383.64 billion in 2016 end to N461.55 billion in the review period of 2017; representing an increase of 20.3 percent, UBA said in a filing with the Nigerian Stock Exchange (NSE).
The lender declared a final dividend of 65 kobo (20 kobo interim) which amounts to a total dividend of 85 kobo per share compared to 75 kobo paid in 2016.
UBA says the qualification and closure dates are April 9 and April 10 2018 respectively, while the Annual General Meeting (AGM) and proposed payment date has been scheduled for April 23, 2018 respectively.
