United Capital Plc, an investment banking and financial services firm, said on Tuesday its profit before tax grew by 20 per cent to N1.79bn in the first half of 2015 from N1.50bn in the same period last year.
Its profit after tax also improved by 13 per cent from N1.2bn in 2014 to N1.4bn in the first half of 2015.
The firm posted unaudited earnings growth of 22 per cent for the half year ending June 30, 2015 from N2.26bn in 2014 to N2.75bn in 2015.
During the period under review, United Capital Plc said it successfully closed key capital market transactions that boosted its fees and commission income, which accounted for 30 per cent of gross earnings amounting to N817m.
In addition to this, investment income also rose by 53 per cent to N 285m.
The Group Chief Executive Officer, Oluwatoyin Sanni, was quoted in a statement as saying, “Our strong start in first quarter has propelled the success of our business this year. Despite several challenges in the market, United Capital has managed to exhibit sustained growth for H1.
“We believe this upward growth will continue through the third and fourth quarters. We look forward to continued delivery of superior service across all of our businesses for the second half of the year.”
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Source : Punch