WorldStage Newsonline– Unity Bank Plc, one of Nigeria’s commercial banks on Tuesday released its fourth quarter (Q4) 2020 earnings forecast with a projected loss after tax of N1,800,930,784 from gross earnings of N4,975,821,548.
The bank is expecting cash and cash equivalents at the end of period to drop to N113,973,230,600 from N115,491,987,898 at the beginning of period.
Comparatively, the bank recorded gross earnings of N22.865 billion for the half year, a growth of 11 per cent against N20.547 billion reported in the corresponding period of 2019.
Its profit after tax equally rose by seven per cent to N1.030 billion from N967.514 million in the corresponding period of 2019.
WorldStage earlier reported that the bank’s 14th Annual General Meeting (AGM) will hold on Thursday, 24th September, 2020 at 11am at Unity Bank Plc, Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos.
