National Wire About Nigerians, Nigerian Business and Other Stories
United Capital Plc share price witnessed an increase at the close of transactions on Friday as a result of the 50 kobo dividend which the board of directors proposed for the 2016 financial year end. The company share price appreciated by 3.52 percent to close at N3.82 kobo at the close of trading on Friday.
According to the audited account for the period ended December 31, 2016, the 50 kobo dividend is above 35 kobo that was paid in 2015, which went up by 42.86 percent. The closure date for the dividend is March 3, 2017, while the company Annual General Meeting is slated for March 17, 2017 in Lagos.
Shareholders whose names are in the register of the company are expected to be paid on March 22, 2017. Details of the audited result shows that gross earning was up by 46.27 percent to from N6,153 billion in 2015 to N9,000 billion in 2016.
Investment income went up by 31.48 percent from N3,073 billion in 2015 to N4,039 billion in 2016. Profit before tax stood at N6.366 billion against N3.263 billion in 2015 which is an increase of 95.08 percent. Profit for the period went up by 169.95 percent to N6.913 billion in 2016 from N2.570 billion that was recorded same period in 2015.
Pix…United Capital Plc closes US$250 million pre-payment facility deal with Orion Oil – Ventures Africa recently.
