Unity Bank grew Q3 PAT by 858.84%

Unity Bank Plc has said that its Profit After Tax (PAT) for the third quarter (Q3) period ended September 30, 2014 grew by 858.84 per cent.

According the result that was filed to the Nigerian Stock Exchange (NSE), PAT rose from N1.15 billion to N11.06 billion.

Also, Profit Before Tax (PBT) advanced by 898.2 per cent to N12.02 billion from N1.20 billion recorded in the corresponding period of 2013.

Gross income of the lender also increased 6.0 percent to N48.140 billion from N45.395 billion recorded in the Q3 of 2013.

Again, Total Operating Income for the period advanced to N35.06 billion from the erstwhile year’s N28.54 billion.

Total Liabilities and Equities grew to N407.79 billion from N403.63 billion.

However, Total Operating Expenses for the declined to N20.87 billion from the N26.80 billion posted the prior year.  

Source : Tribune

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