United Capital Plc Reports N3.26bn PBT Up 41% From 2014 | Independent Newspapers Limited
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United Capital Plc Reports N3.26bn PBT Up 41% From 2014

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Posted: Mar 21, 2016 at 1:00 am   /   by   /   comments (1)

United Capital Plc, one of Nigeria’s leading investment banking and financial services Groups, has announced 2015 full year earnings of N6.15 billion, up from N4.68 billion in 2014, representing a 32% increase from the previous year.
Profit before tax (PBT) grew to N3.26 billion in 2015 from N2.31 billion in FYE 2014, representing a 41% increase. Profit after tax (PAT) also grew by 39% in 2015, closing at N2.57 billion, up from N1.85 billion in 2014.
This superlative performance in a year characterized by adverse macro-economic factors was driven by the Group’s growing market share, efficient execution of key mandates and effective cost management driven by improvements in operations and IT capabilities, thereby ensuring that the Group optimised value and retained a significant proportion of earnings.
“We continue to pursue our clear and consistent strategy, which has delivered a strong performance for shareholders, and we remain positive about our future opportunities within the Nigerian and African market, not-withstanding the challenging macro-economic environment,” stated Group Chief Executive Officer, Oluwatoyin Sanni.
Highlights of 2015 successes in key business areas include but are not limited to structuring bank/facility agent on $250 million pre-export finance for Orion Oil – one of the largest debt deals by a Pan-African investment bank in 2015; issuing House and Trustee Services to key debt capital issues for sub-nationals and leading corporate issuers.
Others are impressive asset growth by 51% and prudent investment management driving 84% growth in investment income; appointment as Joint Fund Manager for the KfW-sponsored $30 million African local currency bond fund and superior returns by the Group’s Mutual Funds which all ranked top three for investment return in their respective categories which its Balanced Fund being the highest performing in that category and its Bond Fund and Money Market Funds both ranking second industry-wide.
The Group says it remains committed to achieving its goal of building Africa’s leading investment & financial services group and to continue delivering service excellence across all of its business units in pursuit of its strategic objectives in 2016.
United Capital Plc is a financial and investment banking services group providing bespoke value-added services to its clients. It says it is well positioned to play a strategic role in helping African governments; individual and corporate citizens achieve their strategic objectives through its robust suite of financial and investment banking service offerings.