Unity Bank Plc recently joined the list of companies on the Nigerian Stock Exchange that have released their financial statements for the half-year period ended June 2019. The result shows an impressive 96% increase in profit. See more brief details below.

Gross Income: Unity Bank’s total revenue for the period increased by 17% to N20.5 billion, up from N17.5 billion during the comparable period in 2018.

Profit Before Tax: This also increased by 96% to N1 billion compared to N535.7 billion in half-year 2018.

Profit After Tax: This improved by 96%, standing at N967.5 million compared to N492.9 million in H1 2018.

Meanwhile, earnings per share stood at 16.55 kobo compared to 8.43 kobo in H1 2018.

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Unity Bank Plc’s stock is currently trading at N0.66 on the Nigerian Stock Exchange.

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Emmanuel holds an MSc. in International Relations and a B.A in Philosophy & Logic, both from the University of Ibadan. He is a communications professional. As a Lead Business Analyst at Nairametrics, he focuses mostly on quoted companies, their products/services, and the economy in which they operate. Emmanuel is also experienced in the areas of corporate communication, brand communication, corporate storytelling, public relations, business research, management/strategy, etc. You may contact him via his direct cell phone line 09023017285 or his email- emmanuel.abara@nairametrics.com.

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