UBA Plc posts strong Q3 result, profits jump 17%

UBA Plc posts strong Q3 result, profits jump 17%

Thursday, October 15, 2015 7:30 pm

Nigeria’s United Bank for Africa (UBA) said on Thursday its nine-month pretax profit rose to 57.36 billion naira ($288.31 million) in the year to Sept. 30, compared with 42.54 billion naira posted same period last year.

Gross earnings at the top-tier lender rose to 247.20 billion naira compared with 210.71 billion naira the previous year, the bank said in a filing with the Nigerian Stock Exchange.

Despite the good figures, shares in the bank fell 2.39 percent to 4.10 naira on the Lagos bourse.

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