By Toyin Awesu
United Capital Plc, one of Nigeria’s leading investment banking and financial services Groups, announces 2015 full year earnings of N6.15 billion, up from N4.68 billion in 2014, representing a 32% increase from the previous year.
Profit Before Tax grew to N3.26 billion in 2015 from N2.31 billion in FYE 2014, representing a 41% increase. Profit After Tax also grew by 39% in 2015, closing at N2.57 billion, up from N1.85 billion in 2014. This superlative performance in a year characterized by adverse macro-economic factors, was driven by the Group’s growing market share, efficient execution of key mandates and effective cost management driven by improvements in operations and IT capabilities, thereby ensuring that we optimised value and retained a significant proportion of earnings.
Highlights of 2015 successes in key business areas include but are not limited to:
- Structuring Bank/Facility Agent on $250m Pre-Export Finance for Orion Oil – One of the largest debt deals by a Pan-African Investment Bank in 2015;
- Issuing House and Trustee Services to key Debt Capital Issues for Sub-nationals and leading Corporate Issuers
- Impressive Asset growth by 51% and prudent investment management driving 84% growth in Investment income.
- Appointment as Joint Fund Manager for the KfW-sponsored $30m African Local Currency Bond fund
- Superior returns by our Mutual Funds which all ranked top three (3) for investment return in their respective categories which our Balanced Fund being the highest performing in that category and our Bond Fund and Money Market Funds both ranking second industry-wide.
