United Capital (UCAP)
United Capital Plc is a leading financial services Group in Africa focused on leveraging technology to empower businesses, individuals and governments with excellent financial services, while contributing to economic growth and prosperity across Africa by supporting financial inclusion. They offer a wide range of services which include Investment Banking, Asset Management, Trustees, Securities and Wealth Management.
UCAP’s Q2 results revealed outstanding growth in top-line items on the income statement. Its gross earnings generated approximately ₦6.9 billion which represents a 54.13% growth compared to the second quarter of 2020. This growth is majorly attributable to increases in fees and commission income by 128% and investment income by 26.55%, when compared to the second quarter of 2020. Ultimately, UCAP’s Profit After Tax (PAT), stood at ₦3.1 billion, representing a 64.21% growth. Notably on the company’s balance sheet, on the asset side, signif
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