United Capital Plc has announced N3.12 billion earnings in its unaudited financial statements for the period ended March 31, 2021.
The firm which noted that its profit grew by 67 per cent with an Earnings Per Share of 111 kobo in the period.
The Group CEO, Peter Ashade said the company commence the first quarter of the year from a stable position with remarkable earnings growth and strong performance across key financial parameters in its continued efforts to navigate the tough terrain which at the moment, points to a recovery in the domestic economy amid other improving global macroeconomic developments.
“With our well-articulated plans and solid management framework, we were able to deliver an increased revenue of over 63%, increased PBT of 68 percent and PAT increase of 67 percent.
“This performance empowers us to adopt a positive outlook on the remaining part of the year 2021 as the operating environment improves supported by fiscal stimulus programmes, easing of restrictions on business operations, reopening of international and domestic travels, resumption of wholesale and retail trading activities as well as the rebound in oil prices.
We have continued to drive our strategy as we continue to push further our market diversification and cost-optimization initiatives, as well as implement, phased automation of our business processes whilst upholding our commitment to ensuring a significant improvement in our value delivery to all our stakeholders.
Discussing the result further he stressed that; “Going into the remaining quarters, we remain diligently committed to delivering greater value to our stakeholders and providing best-in-class solutions to diverse client segments by constantly reviewing our strategy in the light of global and domestic developments even as we work with regulatory authorities to strengthen the broader financial system as the domestic economy continues on the path to recovery.
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