…Proposes 114% Dividend Growth as Operating PBT Rises 53%
An x-ray of the company’s financials showed
Gross Earnings was up 40% year-on-year to N18.07 billion, operating PBT grew
53% year-on-year to N12.12 billion. Total assets grew 104% year-on-year to
N453.60 billion while Shareholders’ Funds rose 25% year-on-year to N30.55 billion
from N24.43 billion. The company has proposed 114% increase in dividend to
N1.50 for every 50 kobo ordinary share.
Speaking on the audited financial results,
Chairman of the board, Professor Chika Mordi, stated: “We are proposing N1.50
dividend for every 50 kobo ordinary share, up 114% over 70 kobo dividend paid
last year. This affirms our commitment to wealth creation for our
shareholders”.
Commenting on the Group’s performance, the
Group Chief Executive Officer, Mr. Peter Ashade, had this to say: “Our strong
performance was driven by exponential growth in business activities across all
the market segments that we serve as we successfully navigated a volatile
operating environment to create best-in-class solutions for our clients.
United Capital is on a progressive path as
witnessed in our strong earnings growth, and superior value delivery to
shareholders over the years, amongst other metrics that are reflective of high
performing organizations.
All stakeholders can be assured of our
commitment to sustain our organizational growth trajectory well into the
foreseeable future as we navigate the tough operating terrain.
We will continue to pursue developmental
activities and actively engage regulatory authorities, investors, and relevant
stakeholder groups towards deepening the capital market, strengthening the
broader financial system, and driving financial inclusion as a means of
accelerating the economic development of our dear country and empowering its
citizens.”
United Capital Plc remains a leader in the
financial and investment services space, with a mission to provide bespoke and
innovative value-added services to its clients. The group aims to transform the
African continent by providing innovative and creative investment banking
solutions to governments, companies, and individuals.
The group is listed on the Nigerian
Exchange Limited (NGX) and is at the forefront of becoming the financial and
investment role model across Africa by leveraging on innovation, technology,
and specialist skills to exceed client expectations, while creating more value
for all stakeholders.