Yemisi Izuora
The United Bank for Africa (UBA) Plc has said its Board of Directors would meet this Thursday to discuss on the company’s accounts and financial statements for the half year ended June 30 2017 and interim dividend.
This is contained in a notice issued by the Secretary of the board, Mr. B. Odum that: “Please note that the board of directors of UBA Plc will meet in Lagos by 10am on Thursday, July 20, 2017 to deliberate on the accounts and financial statements of the bank for the half year ended June 30, 2017 and proposals for interim dividend for the period will also be considered.”
It added that “Please note that we are by regulations, required to forward the audited accounts and financial statements to the Central Bank of Nigeria (CBN) for approval, prior to the release of the results on the floor of the NSE.
“Accordingly, we shall notify the exchange of the decision of the board of directors after the meeting and submit the accounts to the NSE upon approval of the CBN,” he said.
The lender’s unaudited first quarter results for the period ended March 30, 2017, had shown significant growth as the bank’s profit after tax (PAT) rose 32 percent of N22.4 billion as against N17.0 billion reported in same period of 2016.
Profit before tax (PBT) in rose from N18.1 billion recorded in in first quarter of 2016 to N25.5 billion in Q1 in 2017.