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Home Business News

UBA Plc announces FY 2017 gross earnings of ₦461 billion

Onome Ohwovoriole by Onome Ohwovoriole
March 23, 2018
in Business News, Company News
Tony Elumelu Chairman UBA Plc, World Economic Forum, Global capital inflow

Tony Elumelu Chairman UBA Plc

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UBA Plc today released its financial statements for the year ended December 2017. Gross revenue jumped from ₦383 billion in 2016 to ₦461 billion in 2017.  Interest income increased from ₦263 billion in 2016 to ₦325 billion in 2017.

Profit before income tax increased from ₦90.6 billion in 2016 to ₦105 billion in 2017. Profit after tax went up from ₦72 billion in 2016 to ₦78 billion in 2017.

The bank has declared a final dividend of ₦0.65 per share, bringing total dividend payment to ₦0.85 per share. UBA had last year paid an interim dividend of ₦0.20 per share.

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Tags: 2017 FY resultsUBA Plc
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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