The Board of Directors, United Capital Plc, have approved a sum of N9 billion as total dividend for the financial year which ended on Dec. 31, 2021.
According to a statement issued by the company’s Chairman, Mr Chika Mordi, the dividend which was N1.50 for every 50 kobo share was an increase of 114% when compared with 70 kobo paid in 2020.
Mordi said in spite of the macroeconomic pressure, the company’s total revenue rose by 40% annually to N18.07 billion from N12.87 billion achieved in 2020.
“Operating profit before tax grew to N12.12 billion in 2021, up by 53 per cent from N7.95 billion in 2020.
“While profit before tax was up by 50 per cent to N11.92 billion, total assets of the Group rose by 104 per cent year-on-year to N453.60 billion by December 2021.
While speaking on the Group’s projections and strategic intent for the 2022 financial year, the Group Chief Executive Officer, Mr. Peter Ashade, expressed that the company has again shown consistent growth and resilience in delivering on its commitment to shareholders and other stakeholders as evident in the strong positive financial metrics recorded in the year under review.
Ashade further stated that as the company heads into the 2022 business year, it will focus more on transformation agenda by deepening its value propositions to key market segments especially mass affluent and mass market clients and explore new market opportunities.
