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Home Business News

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

Onome Ohwovoriole by Onome Ohwovoriole
April 23, 2019
in Business News, Company News
UBA Dividend 2018
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UBA Plc today released its results for the first quarter ended March 2019. Here are key highlights of the results.

Net Interest income  

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

Profit before tax

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. 

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Profit after tax

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 

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

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UBA Q1 2019 RESULTS 

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