United Bank for Africa (UBA), a Tier 1 financial institution in Nigeria, on Wednesday released its interim financial report for the period ended, September 30, 2018.
In the report, UBA recorded 1.28 percent growth in its Profit After Tax (PAT), which rose to N61.698 billion up from the N60.920 billion recorded in the corresponding quarter of 2017.
The bank’s latest financial reports showed 12.96 percent growth in Gross Earnings, which spiked to N268.937 billion as against the N238.092 billion recorded in Q3, 2017.
Similarly, the lender’s earnings per share also appreciated by 1.12 percent to close at N1.80 from the previous EPS of N1.78
The bank’s current period’s PE Ratio is at 4.56x and the earnings yield at 21.95 percent