The Board of Directors of United Bank for Africa (UBA) Plc would on Thursday, this week, meet to deliberate on the company’s accounts and financial statements for the half year ended June 30, 2017.
A statement issued by the Secretary of the board, Mr. B. Odum explained that the board would also consider interim dividend for the period at the meeting.
Notice on the meeting read: “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.”
Odum explained that when the Board considers the results, it would then be sent to the Central Bank of Nigeria (CBN) for approval before making it available to the Nigerian Stock Exchange (NSE) for its shareholder and the investing public to peruse.
He added: “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.
Meanwhile, UBA’s unaudited first quarter results for the period ended March 30, 2017, had shown significant growth across major income lines. Leveraging on strong growth in interest and non-interest income as well as increased efficiency, UBA had recorded N25.5 billion in profit before tax (PBT) in 2017, compared to N18.1 billion achieved in Q1 of 2016.
