Revenue
UBA Plc released its 2014 FY results showing Gross Earnings rose 9.5% to N290 billion (2013:N264.6 billion). Net interest income rose 2.8% to N106 billion compared to N103.2 billion.
Profitability
Pre-tax profits also was flat reporting N56.2 billion (2013: N56 billion). Profit after tax rose 2.7% to N47.9 billion (2013: N46.6 billion).
Shareholders
Earnings per share rose 2.6% to N1.56 compared to N1.52 same period 2013. They Proposed Dividend 10 kobo per share and will close its Register April 7 to 19 2015 (both dates inclusive)
I am very disappointed with UBA performance. I had read that UBA was going to announce a robust dividend. Because of that, I had to boost my investments by buying more UBA shares. Now the dividend is demoralizing.
By the way, is this final or interim?
Thanks
Geo-Meridian
I agreed with the comments of Geo-Meridian. Even if they cannot give a robust dividend one expects them to maintain 2013 dividend like other companies has done of recent or at least pay something very close to what they paid in 2013. 10k is miserably too low. The share price has remained low and refuse to appreciate. I wonder what is happening in UBA. Can’t Elumelu perform the magic he is known for again? His second coming as Chairman is not impacting positively on the fortune of UBA and by extension the shareholders.
Omodunni