March 12, 2021/United Capital Report Non-recurring income from prior year overwhelms  bottomline…Adjusted EBIT up 46% y/y)  In its recently released FY-2020 audited financials, ARDOVA Plc(“ARDOVA” or “the Company”) reported a 3.1% y/y growth in revenue, printing at N181.9bn, from N176.5bn in FY-2019. Revenue growth was driven by increased sales of […]

March 9, 2021 By Paschal IJEH InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA)  said its profit after tax (PAT) for the period ended December 31, 2020 climbed up 27.7 percent to N113.7 billion from N89.1 billion recorded a year ago. Profit before tax (PBT) grew […]

March 9, 2021/Cordros Report UBA Plc released audited 2020FY numbers yesterday evening, which showed that the bank recorded a strong performance for the period. Impressively, the bank recorded growth in both core and non-core income lines despite the pressured operating environment during the fiscal year. On the EPS of NGN3.20 […]