Image Credit: Futureview Research

October 16, 2024/Futureview Research

Highlights of UCAP Earnings Report:

In its Q3 2024 financial report released on October 16, 2024, United Capital Plc demonstrated robust performance, with gross earnings increasing by 61% to N28.17 billion, up from N17.51 billion in Q3 2023. Additionally, total assets grew by 36% to N1.26 trillion, compared to N931.95 billion in the same period.

Despite navigating a challenging and uncertain business environment marked by rising inflation, volatile currency exchange rates, and a rapidly evolving macroeconomic landscape, United Capital has shown remarkable resilience. This success can be attributed to its sound business model, strong risk management practices, and effective execution of strategic initiatives. This resilience is further reflected in UCAP’s profit after tax, which surged by 89% to N15.98 billion, compared to N8.47 billion in Q3 2023.

To find out more, click here to download the report.