United Capital

United Capital Plc (UCAP) has announced a remarkable 111.03% increase in Profit After Tax (PAT) to N24.10 billion in 2024, more than doubling its PAT from N11.42 billion in 2023. Key Highlights: - Total dividend payout of N2.40k per share in 2024, representing a 44% increase from the previous year - Introduction of an inaugural interim dividend of 90 Kobo per share - 2-for-1 bonus share issuance, increasing the total number of outstanding shares from 6 billion to 18 billion - Total assets rose by 83% year-on-year to N1.70 trillion, while shareholders' funds grew by 47% year-on-year to N133.50 billion Leadership Comments: Prof.