UBA Plc profit after tax rises by 20.6% in Q1 2019

UBA Plc today released its results for the first quarter ended March 2019. Here are key highlights of the results.

Net interest income increased from N53.5 billion in 2018 to N58 billion in 2019.

Profit before tax increased from N26.5 billion in 208 to N30.1 billion in 2019. This amounts to a 13.5% increase year on year.

Profit after tax increased from N23.7 billion in 2018 to N28.6 billion in 2019. This amounts to a 20.6% increase from the comparative period of 2018.

Earnings per share increased from N0.67 in 2018 to N0.82 in 2019. This amounts to a 22.3% increase year on year.

UBA Plc’s profit after tax up by 20.6% in Q1 2019