United Capital Plc has restated its commitment to reward shareholders remarkably with upbeat in its financial performance, returns on shareholders value with first ever interim dividend payment proposal as well as bonus shares to shareholders.

The shareholders’ bountiful earnings were products of the company’s outstanding financial results, the unaudited half year (HY) period of 2024 , for the period ended June 3o, which saw Profit After Tax (PAT) soared by 65 per cent to N7.74billion.

United capital’s icing on the cake of its HY 20224, unaudited, was embellished with its first-ever interim dividend payout of N0.90, and enhancement of shareholder value with issuance of 2 bonus shares per unit.

With the result, the company has again, in its remarkable way, demonstrated market dominance driven by a stellar financial performance in the first half of 2024, providing substantial value to its investors and shareholders.

In its recently released unaudited financial results for the period ended June 30, 2024, United Capital reported a profit after tax increase of 65% year-on-year to N7.74 billion, a profit before tax increase of 63% year-on-year to N9.06 billion, and a gross earnings growth of 38% year-on-year to N15.15 billion.

The company’s total assets also rose by 27 per cent year-to-date to N1.19 trillion, while shareholders’ funds increased by 33% year-to-date to N120.34 billion.

This impressive performance is further spotlighted by the investment group’s announcement of its first-ever interim dividend payout of N0.90 per share, a landmark event in the financial services sector in 2024.

This dividend not only stands as the first, by any listed company in the sector this year but substantially exceeds the interim dividends declared by tier 1 banks in the previous year. In addition to this, United Capital also announced a 2-for-1 bonus share issuance to its shareholders – a bold move from the financial services company.

 

For shareholders and observers of United Capital, these substantial declarations come as no surprise, as the company has consistently maintained an upward trajectory of success. Its stock price has demonstrated remarkable growth, increasing by an impressive 158.3% over the past year.

 

Compared to tier 1 banks and its other financial institution (OFI) peers, United Capital has outperformed all, delivering a remarkable 76.3% year-to-date return.

These exceptional performances cement United Capital's position as a formidable force in the market, signaling to investors and competitors alike that United Capital is here for the long haul and a force to be reckoned with.

 

As United Capital Plc continues to set new benchmarks and deliver unparalleled value, the market eagerly anticipates what the second half of 2024 will bring.

According to the Group CEO of United Capital Plc, Mr. Peter Ashade, reaffirmed their commitment to sustaining this momentum into the second half of the year.

He assured stakeholders of the company’s unwavering commitment to keep delivering exceptional results and providing excellent services.