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Nairametrics
Home Companies Company News

[Corporate Action] Unity Bank Posts 15% Drop In Profits to N9.3 billion In Q3’2015

Research Team by Research Team
November 2, 2015
in Company News
CBN approves appointment of 4 directors for Unity Bank
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Unity Bank released its financial results for the nine months ended September 30 2015.

The result showed that Net interest income dipped by 18.84% from N25 billion to N20 billion in Q3’2015.

Pre-tax profits also dropped by 13.90% from N12 billion to N10 billion in Q3’2015.

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See Summary of result below..

UNITY BANK Q3 2015 Sep-15 Sep-14 % Change
N’m N’m
Net Interest Income 20,854 25,695 -18.84%
Commission Fees & Other Income 7,173 6,511 10.17%
Operating Expenses -22,803 -20,865 9.29%
Pre-tax profits 10,347 12,018 -13.90%
Profit After Tax 9,313 11,057 -15.77%
Share Price(as at press time)  N1.30

DOWNLOAD RESULT

Tags: News ReviewNigerian Company Resultsunity bank
Research Team

Research Team

The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.

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