UBA says Q1 pre-tax profit down 56 percent

UBA says Q1 pre-tax profit down 56 percent

Nigeria’s United Bank for Africa (UBA) (UBA.LG)
said on Monday pre-tax profit fell 56 percent to 5.3 billion naira ($35
million) in the first quarter, according to an announcement to the stock
exchange cited by brokers.

Gross earnings for the 3-month period fell to 48.2 billion naira from
57.3 billion a year earlier.

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