United Capital Plc anchored its 9.7 per cent profit growth in the year to September on a fairly stronger investment income when most of its key revenue sources witnessed a retreat from figures reported a year ago.
The company provides investment banking, financial advisory, trusteeship, fund management and issuing house services among a cocktail of offerings.
Net investment income contributed the most to the revenue kitty, yet its part would even have been greater were it not for the run of high-interest expense in the fund management space, which ate up a far larger portion of the gross investment income.
