Union Bank of Nigeria Plc recently released its H1 2018 financial statements for the year ended 30 June 2018.
Here are the key highlights of the reports:
Revenue
The bank reported Gross earnings of ₦83.33 billion for the period ended June 2018 compared to ₦72.06 billion reported for the period ended June 2017. This represents a 16% increase for the comparative period in 2017.
Profit Before Tax
Profit before tax was ₦11.66 billion for the period ended June 2018, a 23% increase from ₦9.46 billion reported for the period ended June 2017.
Profit After Tax
The bank’s profit after tax for the half year ended 30th June 2018 was ₦11.46, compared to ₦9.20 billion recorded in H1 2017. This represents a 25% increase for the comparative period in 2017.
Earnings Per Share
Union Bank Plc, however, reported earnings per share of 38 kobo for the period ended June 2018 as against earnings of 54 kobo reported for the comparative period in 2017.
Current Share Price
Union Bank Plc is currently trading at N5.60, down 2.61%.