United Capital Plc released its financials for the year ended 31st December 2016, last week, showing a profit of N6.9 billion as against N2.6 billion recorded in the prior year, a growth of 169 percent.
The group also proposed that a dividend of 50 kobo per ordinary share of 50 kobo, amounting to N3 billion be paid to shareholders upon approval at the company’s general meeting.
The proposed dividend is 43 percent higher than 35 kobo declared for 2015. Gross earnings for the group grew by N3 billion to N9.0 billion from N6.2 billion recorded in 2015.
Total expenses dropped to N2.6 billion from N3.2 billion, profit before tax settled at N6.4 billion from N3.3 billion; earnings per share of the group consequently increased to 115 kobo from 43 kobo.