• Business - Companies
  • Updated: October 20, 2020

United Capital Releases 2020 Q3 Financials

United Capital has released its third-quarter financial statements, disclosing the company posted growth in the three-month period between July to September 2020. In the statement seen by AllNews, United Capital group generated NGN2.62 million in Q3 2020.

The NGN2.62 billion recorded by the financial and investment company during the period under review surpassed the NGN2.08 billion United Capital generated in the corresponding period of 2019 third quarter.

United Capital Profit Before Income Tax also recorded growth this year's third quarter when compared to the corresponding period of 2019. The company reported that it recorded NGN1.85 billion in Q3 2020, higher than the NGN1.28 billion posted in the third quarter 2019.

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The company continued its impressive performance in this year's third quarter, after its Profit After Tax grew to NGN1.55 billion, surpassing the NGN1.09 billion it recorded in the corresponding period of last year.

Meanwhile, United Capital managed to cut down its Total Expenses for the period under review. United Capital total expenses dropped to NGN766.6 million in Q3 2020, lower than the NGN800.4 million the company accrued in the third quarter of 2019.

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Olalekan Fakoyejo
Olalekan Fakoyejo

Fakoyejo Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ)....

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