Unity Bank slashes profit projection for Q3 2021 by 89.24%

WorldStage Newsonline– Unity Bank Plc, a major agric lender, has released its projected income statement for 3rd quarter ending 30 September 2021 with profit after tax of N380.815 million which is a 89.24% decline from N721.5million recorded in the first quarter.

The bank also projected N10.890 billion gross earnings for the Q3 2021 compared with N11.5 billion for Q1.

Moreover, the bank projected that cash and cash equivalents is projected to increase to N107.875 billion at the end of period from N107.494 billion at the beginning.

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