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. Chika Mordi, Board Chairman, stated that United Capital Group delivered record profitability and significant corporate actions, resulting in a substantial increase in total dividend payout.
Mr. Peter Ashade, Group Chief Executive Officer, attributed the Group's stellar financial performance to its strong market leadership and positioning, and expressed commitment to rewarding shareholders while sustaining this remarkable performance.
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