United Capital’s total revenue in HY 2021 soared to N6.85bn from N4.45bn in HY 2020, an increase of 65% was recorded in PBT while PAT grew by 64% year-on-year. Total Assets grew by 44% year-to-date driven by a 49.60% increase in Total Liabilities.
“I am excited to inform our stakeholders that United Capital Plc recorded a very impressive half-year 2021 result following a record year performance in 2020. We ended the first half of the year on a very high note as reflected in our earnings growth and strong financial performance.
United Capital Plc is in a growth phase, and I must say that our strong financial performance is a testament to our unwavering commitment to increasing value creation for all our clients amid the harsh socio-economic environment and lingering effects of the devastating pandemic.
In the remaining half of the year, we will be focused on our transformation agenda by deepening our value propositions to underserved market segments especially mass affluent and mass market clients, while driving phased automation of our business processes.
Our bespoke affluent segment propositions including private trusts, and wealth management solutions are curated to increase, preserve, and transfer wealth for our fast-growing affluent customer base. Furthermore, our best-in-class digital platforms remain central to our purpose of transforming lives and promoting financial inclusion across Africa by providing easy access to collective investment schemes and microloans while promoting socio-economic development.
Our stakeholders can be assured of our commitment to delivering superior returns. More importantly, we will continue to work with our regulators and other capital market operators on structural reforms to deepen the capital market as the domestic economy continues the path to recovery.
Following the release of our HY 2021 result, we shall be hosting an Investors and Analysts conference call in due course to discuss our performance and the overall outlook for the next quarter of 2021. The date and further details with respect to the conference call would be circulated in due course.”
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