United Capital Plc said its after-tax profit for the six months to June jumped by almost two-thirds, riding on enlarged earnings from fees & commission, which received a 127.9 per cent boost, and in part from investment income.
The period was also marked by a lifting in revenue to N6.854 billion, equivalent to a surge of more than half, according to the unaudited half-year financials of the investment bank obtained from the Nigerian Exchange Friday.
The operating expenses of the financial services company consolidated at N3.114 billion. That compares with the N2.179 posted January through June last year. Profit before income tax stood at N3.142 billion, leaping higher by 64.2 per cent at roughly the same pace at which the profit for the period grew.
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