By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Diamond Bank Plc on Thursday said its first quarter (Q1) profit before tax (PBT) increased by six percent (6%) from N8.735 billion in the Q1 of 2013 to N9.240 billion in the review period of 2014.

Gross earnings in the Q1 period grew from N33.839 billion in the Q1 of 2013 to N38.244 billion in the review period of 2013; showing a growth of 13.02%.

However, as at the close of trading on the Nigerian bourse on Thursday shares of the bank lost 0.31 kobo as it opened at N6.34 kobo and closed at N6.03 kobo, losing -4.89% of its value.