By InvestAdvocate

Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) said on Monday its profit after tax (PAT) for the period ended March 31, 2018 climbed up 6.2 percent to N23.73 billion from N22.35 billion recorded a year ago.

Profit before tax (PBT) grew 4.3 percent to N26.55 billion from N25.47 billion declared the same period of 2017.

Gross earnings of UBA increased from N101 24 billion in the first quarter (Q1) of 2017 to N119.36 billion posted in the review period of 2018; showing an increase of 17.9 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

Shares of UBA at the close of Monday’s trading on the Nigerian bourse appreciated 0.45 percent to N11.25 from N11.20 traded the previous session; gaining 0.05 kobo per share.