United Capital Plc, a leading pan-African investment and financial services group, emerged a winner at the Nigerian Investors Value Awards (NIVA) which was held at the Lagos Continental Hotel, Victoria Island over the weekend.
The prestigious event, jointly organized by BusinessDay Media Limited and the Nigerian Exchange Group (NGX), recognized United Capital Plc as the “Most Profitable Company (Financial Services: Other Financial Institutions) and Shareholder Capital Allocation Company of the year (Dividends Payment)”.
This recognition follows a string of successes recorded by the organization in recent times. For the 2020 financial year, United Capital Plc generated N12.87Billion in revenue and N7.95Billion in Profit Before Tax. Its Return on Average Equity for the financial year stood at 35%, one of the highest among listed financial services institutions, paying shareholders dividends of up to 70 kobo per share, for a total of N4.2Billion; a record befitting of the acknowledgment received.
Commenting on the awards, the Group CEO of United Capital Plc, Mr. Peter Ashade said “Our successes and achievements are representative of the people and culture at United Capital Plc. We embrace enterprise, execution, and excellence as our core values and are constantly exploring innovative solutions to enhance our clients’ experience. We are therefore honoured and humbled to receive due recognition for these.”
According to the organizers, the event was refocused to highlight the diverse avenues in which companies are creating value on the Nigerian Exchange Group (NGX) particularly in view of the volatile national economy and implications of the pandemic. These criteria, in addition to a credible and thorough audit process of shareholder value creation, led to the selection of United Capital Plc as a winner in the aforementioned categories.