United Capital reports nearly $10-million profit for first nine months of 2024
Gross earnings surged by 60.87 percent, reaching N28.17 billion ($17.21 million) from N17.51 billion ($10.7 million) in the corresponding period of 2023.
Gross earnings surged by 60.87 percent, reaching N28.17 billion ($17.21 million) from N17.51 billion ($10.7 million) in the corresponding period of 2023.
The company’s performance is marked by an 18 percent year-on-year increase in profit after tax to N11.42 billion ($8.73 million).
Ashade said United Capital’s third-quarter performance reflects the group’s ability to deliver sustainable earnings despite the challenging business environment.
United Capital is an investment bank and a pan-African financial services group led by Ashade.
Ashade has been at the helm of United Capital since 2018.
Ashade has been at the helm of United Capital since 2018.
Profit for the six-month period ending June 30 increased by more than 41 percent, from $7.38 million in the first half of 2021 to $10.42 million.
Meanwhile, Emmanuel Nnorom saw the market value of his 30.5 million shares soar above $1 million.
United Capital is a fast-growing banking and investment services business.
United Capital is a financial and investment services company based in Lagos, Nigeria.