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United Bank For Africa Plc (UBA) released its half year  unaudited results for the period ended June 30 2015 , yesterday 3rd September, 2015.

From the result gathered,

Gross Earnings grew by 20.78% y/y to N166.94 billion,

Net Interest Income also increased by 18.92% y/y to N65.66 billion. This increase was as a result of a 17.95% y/y rise in Interest Income to N116.24 billion which offset the 16.71% y/y increase in Interest Expenses.

Also, Total Operating Income rose by 20.76% y/y to N108.74 billion.

Profit Before Tax and Profit After Tax, both  increased by 35.14% y/y and 40% y/y to N39.05 billion and N31.40 billion respectively.

The Board has proposed an interim dividend of N0.20

Closure Date: 10th – 11th September, 2015.    


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