By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-Nigeria’s Skye Bank Plc Monday posted a 39.78 percent (39.78%) increase in Profit After Tax (PAT) in its Second Quarter (Q2) Report for the Period Ended June 30 2012.
This is contained in the Result Announcement of the Bank released on the Floor of the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available to www.investadvocateng.com.
To record the 39.78% increase, PAT of the Bank in Q2 of 2012 was N8.187 billion compared to N5.857 billion in the same period of year 2011.
Profit Before Tax (PBT) also grew from N7.321 billion in the Q1 of 2011 to N9.989 billion in the review period of year 2012; indicating a growth of 36.44%.
While Gross Earnings hit N59.658 billion in the Q2 of 2012 compared to N48.903 billion in Q1 of 2011; showing an increase in Gross Earnings of 21.99%.
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