By Dipo Olowookere
The board of United Capital Plc has offered to give bonus shares and an interim dividend of 90 Kobo to the company’s shareholders for the first half of 2024.
This development came after the organisation recorded a net profit of N7.7 billion compared with the N4.7 billion achieved in the corresponding period of last year.
The post-tax profit came after United Capital declared N9.1 billion as profit before tax (PBT), higher than the N5.5 billion posted in HY of 2023.
In a note seen by Business Post, United Capital disclosed that the interim dividend would be paid on August 9, 2024, only to shareholders whose names appear on the register of members as of July 31, 2024, and who have completed the e-dividend registration and mandated the registrar to pay their dividends directly into their bank accounts.
It further emphasised that the payment is subject to appropriate withholding tax and approval, while the bonus share would be on the basis of two new shares for one. An extraordinary general meeting (EGM) has been fixed for August 21, 2024.
United Capital filed its financial statements for the first six months of 2024 to the Nigerian Exchange (NGX) Limited on Wednesday, July 17, 2024.
The organisation reported N15.2 billion as gross earnings for the period under consideration versus the N11.0 billion achieved in the same period of 2023.
The net operating income, according to an analysis of the results, stood at N12.8 billion in H1’24 compared with the N9.3 billion posted in H1’23.
Despite a rise in total expenses to N6.7 billion in the reporting period from N5.8 billion a year earlier, the firm posted an operating profit of N8.5 billion, in contrast to N5.3 billion in the preceding period of last year.