August 26, 2016/Cordros Research United Bank of Africa (UBA) released its half earning yesterday evening. Annualized EPS was N1.88 (H1’15: N1.88) ahead of consensus and our estimate of N1.49 and N1.40 respectively, while RoAE was 18.03% versus our estimate of 14.8%. The bank declared a N0.20 dividend (H1’15: N0.20) with […]
Results & Dividends
UBA Says H1 2016 Pretax Profit Rise 3.1% to N40.3 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, United Bank for Africa Plc said on Thursday its pretax profit for the period ended June 30, 2016 rose 3.1 percent to N40.27 billion from N39.04 billion recorded a year ago. Similarly, profit after tax (PAT) climbed up 1.9 percent to N32.62 billion from […]
UBA Sustains Strong Asset Quality, Profitability, Proposes 20 Kobo Interim Dividend
August 25, 2016/UBA United Bank for Africa Plc (“UBA” or “the Bank”), announced its Audited 2016 Half Year Financial Results for the period ended 30 June 2016 showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before tax of N40 billion. The […]
