Monday, September 8, 2025
29.1 C
Lagos

Unity Bank Projects N27bn in Q4 Earnings, Targets N4bn Profit

Unity Bank Plc has projected gross earnings of N27 billion and a Profit After Tax of N4 billion in Q4, 2024, in its latest earnings forecast released to the Nigerian Exchange Group (NGX).

Although the projected gross earnings represent a marginal increase from the N26 billion projected for Q3 2024, the lender continues to maintain a profitable outlook, with pre-tax profit expected at N4.2 billion.

An analysis of the earnings forecast shows that the lender also expects interest income to rise from N23 billion to N24.5 billion, with net revenue expected to rise marginally by 1.0% to N7.2 billion within the quarter compared to N6.5 billion in Q3, 2024.

Net operating income is projected at N12 billion, while cash flow from financing activities is projected to rise to N481.4 billion from N353.6 billion, a 1.3% projected increase on a quarter-on-quarter basis.

This projected growth in cash flow from financing activities continues to reflect the lender’s growing liquidity position which is essential for sustained business operations.

The lender said it expects to cover the milestones with a consistent optimistic outlook in its projection, barring any significant changes in the operating environment, under which the assumptions were made. The lender noted that it will continue to deliver top-notch customer-centric products and services, especially in the digital lending space following the roll-out of enhanced platforms and channels for superlative customer experiences.

Analysts are of the view that the Q4 forecast reflects a steady growth trajectory on the back of key performance indicators and strategic repositioning to hedge the challenging market conditions.

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

Savannah Energy Reports H1 2024 Result with 3% Rise in Nigerian Production

Savannah Energy Plc, the British independent energy company focused...

NCDMB Unveils Selection Criteria for Inaugural Nigerian Content Awards

The Nigerian Content Development and Monitoring Board (NCDMB), in...

What Is The Future of Real Estate in Nigeria?

By Dennis Isong Within the last decade, a significant number...

Jubilation as Agama Assumes Office as Acting SEC DG

The staff of Securities and Exchange Commission (SEC) were...

Editors to Lay Plaza Foundation March 1

The foundation stone laying ceremony for the multi-purpose Editors’...

Stanbic IBTC Unveils Educational Payment Products to Usher Students Back To School

As another school year beckons, Stanbic IBTC Bank PLC,...

Stanbic IBTC: Customers to Win N1m in Savings Campaign  

As part of its commitment to promoting a savings...

AIICO Celebrates Outstanding Agency Field Force at 2025 Annual Awards Night

Left - Right: Mr. Adewale Kadri (Executive Director, Technical),...
spot_img

Related Articles

Popular Categories

spot_imgspot_img