UBA Declares N28.66bn PAT in Q1 2019 Results,(SP:N6.85k)

Today, United Bank For Africa Plc released its unaudited first quarter results for the period ended March 31, 2019.

Key Highlights

Gross earnings grew by +10.3% to N131.67bn from N119.37 in the previous quarter.

Interest Income grew by 9.1% from N90.33bn in Q1 2018 to N98.56bn in Q1 2019

PBT grew by 13.6% to N30.16bn

PAT grew by 20.8% to N28.66bn

Net Assets also grew by 8.1% to N543.22bn from N502.61bn as at 31st December, 2018

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