UNITED CAPITAL PLC (UCAP) STOCK

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Company Name: UNITED CAPITAL PLC (UCAP)
Ticker: UCAP
Market Classification: Main Board
Sector: FINANCIAL SERVICES
Sub Sector: Other Financial Institutions
Nature of Business: INVESTMENT BANKING, TRUSTEES, ASSET MANAGEMENT & STOCKBROKING
Company Address: UBA HOUSE, 57, MARINA, LAGOS
Telephone: 012807822
Fax:
Email: info@unitedcapitalplcgroup.com
Auditor: DELOITTE &TOUCHE
Registrar:
Company Secretary: LEO OKAFOR
Date Listed: January 11th 2013
Date of Incorporation: March 14th 2002
Website:
Board Of Directors:
ADIM JIBUNOH, CHIKA MORDI, EMMANUEL NNOROM, PETER ASHADE, SONNY IROCHE, STEPHEN NWADIUKO, SUNNY ANENE, YORO DIALLO

Trading Information
Trading Name: UNITED CAPITAL PLC (UCAP)
Ticker Symbol: UCAP
Sector: FINANCIAL SERVICES
Sub Sector: Other Financial Institutions
Market Classification: Main Board
Market Cap (Mil.): 13,500,000,000.00
Shares Outstanding (Mil.): 6,000,000,000

 

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United Capital PLC shares earnings

Highlights of the result; Statement of Profit or Loss:

• Revenue: N92 billion in Q1 2020, compared to N1.45 billion in Q1 2019 (32% YoY Increase)
• Operating Income: N89 billion in Q1 2020, compared to N1.35 billion in Q1 2019 (40% YoY Increase)
• Operating expenses: N0.74 billion in Q1 2020, compared to N0.68 billion in Q1 2019 (9% YoY Increase)
• Profit Before Tax: N18 billion in Q1 2020, compared to N0.77 billion in Q1 2019 (53% YoY Increase)
• Profit After Tax: N99 billion in Q1 2020, compared to N0.64 billion in Q1 2019 (54% YoY Increase)
• Earnings Per Share: 17 Kobo. (2019: 11kobo)

Statement of Financial Position:

• Total Assets: N41 billion, compared to N150.46 billion as at FY 2019 (31% YTD growth).
• Total Liabilities: N69 billion, compared to N130.88billion as at FY 2019 (35% YTD growth).
• Shareholders Fund: N72 billion, increased by 6% YTD as at FY 2019 N19.59 billion.

Statement of Financial Position:

• Total Assets: N41 billion, compared to N150.46 billion as at FY 2019 (31% YTD growth).
• Total Liabilities: N69 billion, compared to N130.88billion as at FY 2019 (35% YTD growth).
• Shareholders Fund: N72 billion, increased by 6% YTD as at FY 2019 N19.59 billion.

Comparing Q1 2020 with Q1 2019, there are a few points to note such as:

− Total Revenue: United Capital Plc’s total revenue increased significantly by 32% year on year, on the back of the company’s 55% increase in fee and commission income and 223% increase in net interest margin as well as a 149% growth in Net trading income.

− Cost-to-Income ratio: This improved significantly, recording 39% in Q1 2020 compared to the 47% recorded in the same period last year, as the Group continues to implement its cost-containment measures.

− PBT Margin: During the period under review, PBT Margin stood at 61% on the back of revenue growth and sustained implementation of cost containment measures.