United Capital Plc Reports N3.26bn PBT Up 41% From 2014


United Capital Plc, one of Nigeria’s leading
investment banking and financial services Groups,
has announced 2015 full year earnings of N6.15
billion, up from N4.68 billion in 2014,
representing a 32% increase from the previous
Profit before tax (PBT) grew to N3.26 billion in
2015 from N2.31 billion in FYE 2014, representing
a 41% increase. Profit after tax (PAT) also grew by
39% in 2015, closing at N2.57 billion, up from
N1.85 billion in 2014.

This superlative performance in a year
characterized by adverse macro-economic factors
was driven by the Group’s growing market share,
efficient execution of key mandates and effective
cost management driven by improvements in
operations and IT capabilities, thereby ensuring
that the Group optimised value and retained a
significant proportion of earnings.
“We continue to pursue our clear and consistent
strategy, which has delivered a strong
performance for shareholders, and we remain
positive about our future opportunities within the
Nigerian and African market, not-withstanding the
challenging macro-economic environment,”
stated Group Chief Executive Officer, Oluwatoyin
Highlights of 2015 successes in key business
areas include but are not limited to structuring
bank/facility agent on $250 million pre-export
finance for Orion Oil – one of the largest debt
deals by a Pan-African investment bank in 2015;
issuing House and Trustee Services to key debt
capital issues for sub-nationals and leading
corporate issuers.
Others are impressive asset growth by 51% and
prudent investment management driving 84%
growth in investment income; appointment as
Joint Fund Manager for the KfW-sponsored $30
million African local currency bond fund and
superior returns by the Group’s Mutual Funds
which all ranked top three for investment return in
their respective categories which its Balanced
Fund being the highest performing in that category
and its Bond Fund and Money Market Funds both
ranking second industry-wide.
The Group says it remains committed to achieving
its goal of building Africa’s leading investment &
financial services group and to continue delivering
service excellence across all of its business units
in pursuit of its strategic objectives in 2016.
United Capital Plc is a financial and investment
banking services group providing bespoke value-
added services to its clients. It says it is well
positioned to play a strategic role in helping
African governments; individual and corporate
citizens achieve their strategic objectives through
its robust suite of financial and investment
banking service offerings.


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