United Capital Plc, one of Nigeria’s foremost investment banking groups, has held its much-awaited Annual General Meeting (AGM).
The AGM took place yesterday at the Oriental Hotel in Lagos, and was well attended by the company’s shareholders, board members, and the management.
The Chairman’s speech
The company’s Chairman of Board, Mr Chika Mordi, used the occasion to present the financial results for FY 2018. According to him, the company performed well despite the challenging business environment. He also promised to deliver better results to shareholders.
“Distinguished ladies and gentlemen, I am confident in our ability to deliver superior returns to you going forward. We have put in place appropriate strategies to respond to possible scenarios that the year 2019 could throw at us, hence we believe that we will continue to make progress in our quest to build Africa’s leading investment bank.”
Directors were re-elected
In the course of the event, the company’s shareholders unanimously re-elected Sir Stephen Nnadiukwu and Mr Sunny Anene to continue serving as Directors of United Capital Plc.
Auditors confirm FY 2018 results
Information contained in the company’s full-year 2018 financial results was confirmed by the private auditors, Deloitte Touche Tohmatsu Limited. Shareholders also unanimously supported the result.
A look at the company’s 2018 financial results
The company recorded N9 billion worth of Gross Earnings in FY 2018, as against N8 billion in 2017.
Profit before tax stood at N6 billion as against N5 billion in 2017. And profit after tax was N4.33 billion as against N4.36 billion in 2017.
The company’s Board Chairman, Mr Chika Mordi, also used the occasion to declare a 30 kobo per share dividend. The shareholders approved.
About United Capital Plc
United Capital Plc is a financial and investment banking services group. Its services include investment banking, asset management, securities trading, and trusteeship.
The company has a track record of assisting African Governments, individuals and corporate citizens achieve their strategic objectives throughout the market cycle, with a robust suite of financial and investment banking service offerings.