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UBA posts N38.16bn profit in Q1 2021

Adebayo Obajemu
United Bank for Africa over the weekend published its first quarter report for the period ended 31 March 2021.
The Bank in 3 months achieved Gross Earnings of N155.446 billion, up by 5.62% from N147.169 billion in the first quarter of 2020.
Profit after tax grew by 26.76% to N38.155 billion from N30.101 billion reported in Q1 2020.
Earnings per share (EPS) of the Bank for the period under review increased by 26.76% to N1.12 from the EPS of N0.88.
At the share price of N6.8, the P.E ratio of UBA stands at 6.08x with earnings yield of 16.44%
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