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UBA Plc tepid rise in profits, proposed dividends of 10 kobo per share

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

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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)

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