United Capital reports N4.212bn gross earnings in 2021

By Philemon Adedeji

United Capital plc has released its unaudited financial statement for the year ended as at  31, March 2021, reporting 35 per increase in gross earnings from N3.119 billion in 2020 to N4.212 billion in 2021.

From the highlights of the results reveal that the group net operating income increased by huge per cent from N3.100 billion in full year of 2020 to N3.55 billion in full year of 2021.

The household company on the Nigerian Exchange Limited (NGX) reported N2.308 billion profit after tax in 2021 from N1.658 billion in 2020, the profit increased by 39 per cent.

The Group on the Nigerian Exchange Limited (NGX) announced N1.97 billion operating profit before income tax in 2020 to N2.57billion announced in 2021.

Also, the group declared 2.2 per cent growth in total assets to N463.9billion in 2021 from N453.6billion declared in 2020.

Earnings per share for the period increased by 39 per cent from 111 kobo in the 2020 to 154 kobo in 2021.