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Company Information |
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Full name UT FINANCIAL SERVICES Headquarters P. O. Box GP 14776, Accra Opposite Ghana Heavy Equipment Ltd, Former GNTC Motors, Kwame Nkrumah Avenue, Adabraka; Accra; Greater Accra |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : GH0000000755 Financial Auditors: Deloitte Touche Tohmatsu (2008) Total Employees: 300 Tel: +233-(0)21-610300, +233(20) 2010035 |
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Company Description |
| UT Bank Ghana Ltd (formerly UT Financial Services Ltd) commenced business as a Finance house in 1997 under the name Unique Trust Financial Services Ltd. It has evolved from a lending institution to a Universal Bank through the acquisition of the former UT Bank in June 2010 and got listed on the Ghana Stock exchange under the name UT Bank. From humble beginnings as a privately owned company in Ghana, UT Financial Services Ltd became a publicly owned company in 2008 with shares listed and actively | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues increased with 38.27%, from GHC 38,586 thousands to GHC 53,352 thousands. Operating result increased from GHC 11,843 thousands to GHC 17,364 thousands which means 46.62% change. The results of the period increased 56.65% reaching GHC 13,544 thousands at the end of the period against GHC 8,646 thousands last year. Return on equity (Net income/Total equity) went from 0.00% to 0.00%, the Return On Asset (Net income / Total Asset) went from 1.38% to 1.58% and the Net Profit Margin (Net Income/Net Sales) went from 22.41% to 25.39% when compared to the same period of last year. |
Key Executives |
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Companies with Similar Main Activities |

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2012 Y (cons) |
2012 Q3C (cons) |
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| Audited | Non-Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Total Assets |
986,905 |
859,467 |
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| * All the accounts are in GHC. | ||
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Total Operating Revenue |
70,515 |
53,352 |
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Operational Profit (Loss) |
26,708 |
17,364 |
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Net Profit (Loss) |
20,931 |
13,544 |
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| * All the accounts are in GHC. | ||
| Profitability Ratios | ||
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Return on Assets (ROA) |
2.12% |
1.58% |
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Annualised Return on Assets (ROA) |
2.12% |
2.11% |
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Return on Sales (ROS) |
34.04% |
28.85% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
-19.42% |
-8.03% |
| Efficiency Ratios | ||
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Fixed-asset turnover |
0.06x |
0.05x |
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Asset Turnover |
0.06x |
0.05x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-7,440 |
-2,882 |
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EBITDA |
-2,915 |
2,636 |
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Enterprise value |
-92,147 |
-89,322 |
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Enterprise Value / EBITDA |
31.61 |
-33.89 |
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Bookvalue (BV) |
986,905 |
859,467 |
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Net Cash |
92,147 |
89,322 |
| Market ratios | ||
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Price/Book Ratio |
0.12 |
0.11 |
| Trend Ratios | ||
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Revenue Trend |
123.8% |
124.31% |
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Net Income Trend |
160.21% |
156.65% |
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Operating Income Trend |
96.96% |
39.83% |
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