United Capital Plc Surges on Earnings Strength, Raises Shareholder Returns
United Capital Plc (UCAP) has delivered a powerful performance that helps explain the recent upward movement in its share price. In its 2024 audited results, the firm posted a Profit After Tax (PAT) of ₦24.10 billion a stunning 111 % year‑on‑year increase from ₦11.42 billion in 2023
Profit Before Tax also rose sharply by 74%, landing at ₦30.10 billion.
Meanwhile, total assets swelled by 83% to ₦1.70 trillion, signalling robust balance‑sheet expansion.
On the back of this strong financial performance, United Capital increased its total dividend payout for 2024 to ₦14.4 billion an approximate 33–44% rise over the prior year, with a total dividend per share reaching ₦2.40.
These actions underscore a strong commitment to shareholder value and long‑term growth.
In more recent trading sessions, this upbeat report and enhanced returns have helped spark renewed investor interest in UCAP, sending the stock higher.
The 4.5% share‑price gain likely reflects the market’s recognition of the company’s strong earnings momentum, improved dividend yield, and renewed confidence in its business model.
What sets United Capital apart is its diversified revenue streams. The firm derives income from investment returns, asset management, fees and commissions, and trading operations a broad base that helps cushion it against macroeconomic headwinds while delivering consistent growth.
As its business execution continues and the economy stabilizes, UCAP could remain a top pick for those seeking resilient returns and capital appreciation over the medium to long term.
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