Forex revaluation loss worsens Unity Bank’s woes
Unity Bank building

Adebayo Obajemu

Unity Bank Plc in its published third quarter report for the period ended 30 September 2021 achieved year on year growth in its topline and bottom line figures.

The Bank reported Gross Earnings of N36.178 billion for the nine months period, up by 6.75% from N33.892 billion reported the previous year.

Profit after tax grew year on year by 23.06% to N1.937 billion from N1.574 billion reported in Q3 2020.

Earnings per share of the Bank grew by 23.06% to 17 kobo from the EPS of 13 kobo reported the previous year.

At the share price of 55 kobo, the PE ratio of Unity Bank stands at 3.32x with earnings yield of 30.13%.

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