United Capital has solidified its position as a market leader in the financial services sector with an outstanding financial performance in the first half of 2024.
The company’s unaudited financial results for the period ended June 30, 2024, showcase a remarkable increase in profit after tax by 65% year-on-year to N7.74 billion, profit before tax by 63% year-on-year to N9.06 billion, and gross earnings growth of 38% year-on-year to N15.15 billion.
The company’s total assets have also experienced significant growth, rising by 27% year-to-date to N1.19 trillion, while shareholders’ funds have increased by 33% year-to-date to N120.34 billion.
This impressive performance is further highlighted by the announcement of an unprecedented interim dividend payout of N0.90 per share, a first in the financial services sector in 2024.
In addition to the dividend payout, United Capital has also announced a 2-for-1 bonus share issuance to its shareholders, demonstrating the company’s commitment to delivering value to its investors.
The company’s stock price has shown remarkable growth, increasing by 158.3% over the past year, outperforming tier 1 banks and other financial institutions.
The Group CEO of United Capital Plc, Peter Ashade, has reaffirmed the company’s commitment to sustaining this momentum into the second half of the year, assuring stakeholders of their dedication to delivering exceptional results and providing excellent services.
As United Capital continues to set new benchmarks and deliver unparalleled value, the market eagerly anticipates what the second half of 2024 will bring.
United Capital’s outstanding financial performance and commitment to delivering value to its investors have cemented its position as a formidable force in the market.
The company’s ability to consistently deliver exceptional results has signaled to investors and competitors alike that United Capital is a force to be reckoned with, and its dedication to sustaining this momentum will undoubtedly continue to drive growth and success in the second half of 2024.
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