United Capital Plc reports N3.26 billion PBT – up 41% from 2014

United Capital Plc, one of Nigeria’s leading investment banking and financial services Groups, announces 2015 full year gross earnings of N6.15 billion, up from N4.68 billion in 2014, representing a 32 percent increase from the previous year.

Profit before Tax grew to N3.26 billion in 2015 from N2.31 billion in FYE 2014, representing a 41 percent increase.

Profit after Tax also grew by 39 percent in 2015, closing at N2.57 billion, up from N1.85 billion in 2014.

The positive performance achieved in a year characterized by adverse macro-economic factors, was driven by the Group’s growing market share, efficient execution of key mandates and effective cost management driven by improvements in operations and IT capabilities, thereby ensuring the firm optimised value and retained a significant proportion of earnings.

“We continue to pursue our clear and consistent strategy, which has delivered a strong performance for shareholders, and we remain positive about our future opportunities within the Nigerian and African market, not-withstanding the challenging macro-economic environment,” stated Group Chief Executive Officer, Oluwatoyin Sanni.

Highlights of 2015 successes in key business areas include but are not limited to: Structuring Bank/Facility Agent on $250m Pre-Export Finance for Orion Oil – One of the largest debt deals by a Pan-African Investment Bank in 2015; Issuing House and Trustee Services to key Debt Capital Issues for Sub-nationals and leading Corporate Issuers.

The impressive asset growth by 51 percent and prudent investment management driving 84 percent growth in Investment income, and the appointment as Joint Fund Manager for the KfW-sponsored $30m African Local Currency Bond fund.

Superior returns United Capital’s Mutual Funds which all ranked top three (3) for investment return in their respective categories with the Balanced Fund being the highest performing in that category and Bond Fund and Money Market Funds both were ranking second industry-wide.

United Capital Plc is a financial and investment banking services group providing bespoke value-added services to its clients. United Capital is well positioned to play a strategic role in helping African governments; individual and corporate citizens achieve their strategic objectives through its robust suite of financial and investment banking service offerings.