March 15, 2019

By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) on Friday announced its profit for the period ended December 31, 2018 inched up 1.4 percent to N78.60 billion from N77.5.4 billion recorded a year ago.

Similarly, pretax profit grew 2.4 percent to N106.76 billion from N104.22 billion declared the same period of 2017.

Gross earnings of the bank increased to N362.92 billion in 2018 end from N325.65 billion in corresponding period of 2017; representing an increase of 11.4 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 same amount paid in 2017.

UBA says the qualification and closure dates are April 2 and April 3 2019 respectively, while the Annual General Meeting (AGM) and proposed payment date has been scheduled for April 23, 2019 respectively.