Capital

UBA Offers Shareholders 20 Kobo Interim Dividend *Report 26.6% Increase In Profit H1 2019

Africa’s global bank , the United Bank for Africa Plc (UBA) at the weekend announced an interim dividend of 20 kobo per share, to its shareholders.

This is contained in a notice to the Nigetian Stock Exchange ( NSE) that qualification and closure dates has been scheduled for September 12 and September 13, 2019 respectively, while the dividend payment will be made on September 18, 2019.

The notice further said that the bank’s profit after tax (PAT) for the period ended June 30, 2019 went up to N56.74 billion from N43.79 billion achieved in the previous year; representing 29.6 percent increase.

Gross earnings rose 9.4 percent to N204.88 billion in the half-year (H1) period of 2019, while profit before tax (PBT) grew 20.9 percent to N70.27 billion from N58.14 billion declared the same period of 2018.

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