At the just concluded Annual General Meeting of United Capital Plc held on Wednesday, March 23, 2022, at the Transcorp Hilton Hotel, Abuja, the board approved a dividend of N9 billion at N1.50 kobo per ordinary share of 50 kobo to all shareholders whose names were registered in the company’s register of the members as of March 8, 2022.
The audited financial statements for the year ended December 31, 2021 reflected a gross earnings of N18.07 billion, as profit after tax (PAT) increased by 44 per cent, operating PBT grew 53 percent year-on-year to N12.12 billion. Total assets grew 104 per cent year-on-year to N453.60 billion while Shareholders’ Funds rose 25 per cent year-on-year to N30.55 billion from N24.43 billion.
The company’s dividend increased by 114 per cent from 70 kobo to N1.50 for every 50 kobo ordinary share.
Speaking on the audited financial results, Professor Chika Mordi, the Board Chairman affirms the company’s commitment to wealth creation for shareholders with the approved dividend.
Commenting on the Group’s performance, the Group Chief Executive Officer, Mr. Peter Ashade, said their strong performance was driven by exponential growth in business activities across all the market segments that they served as the company successfully navigated a volatile operating environment to create best-in-class solutions for our clients.
United Capital is on a progressive path as witnessed in our strong earnings growth and superior value delivery to shareholders over the years, amongst other metrics that are reflective of high performing organisations.
All stakeholders can be assured of our commitment to sustain our organisational growth trajectory well into the foreseeable future as we navigate the tough operating terrain.
We will continue to pursue developmental activities and actively engage regulatory authorities, investors and relevant stakeholder groups towards deepening the capital market, strengthening the broader financial system and driving financial inclusion as a means of accelerating the economic development of our dear country and empowering its citizens.
