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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

UT FINANCIAL SERVICES

Main Activities: Investment Brokerage and Other Financial Investments

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Company Information

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

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

Joseph Nsonamoah Chairman
Kofi Amoabeng Chief Executive Officer
Pearl Esua-Mensah Executive Director
Charles Sydney Aidoo Non-Executive Director
Linda Osei Akoto Non-Executive Director
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Balance Sheet

Total Assets

986,905

859,467

* All the accounts are in GHC.
Income Statement

Total Operating Revenue

70,515

53,352

Operational Profit (Loss)

26,708

17,364

Net Profit (Loss)

20,931

13,544

* All the accounts are in GHC.
Ratios
Profitability Ratios

Return on Assets (ROA)

2.12%

1.58%

Annualised Return on Assets (ROA)

2.12%

2.11%

Return on Sales (ROS)

34.04%

28.85%

Gross Profit Margin

100%

100%

Operating Profit Margin

-19.42%

-8.03%

Efficiency Ratios

Fixed-asset turnover

0.06x

0.05x

Asset Turnover

0.06x

0.05x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-7,440

-2,882

EBITDA

-2,915

2,636

Enterprise value

-92,147

-89,322

Enterprise Value / EBITDA

31.61

-33.89

Bookvalue (BV)

986,905

859,467

Net Cash

92,147

89,322

Market ratios

Price/Book Ratio

0.12

0.11

Trend Ratios

Revenue Trend

123.8%

124.31%

Net Income Trend

160.21%

156.65%

Operating Income Trend

96.96%

39.83%