By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-First Bank of Nigeria Holdings Plc (FBNH) on Tuesday said its profit for the year in 2013 dropped eight percent (8%) to N70.631 billion from N76.801 billion in the same period of 2012.

Similarly, pre tax profit declined 2.8 percent from N93.921 billion in 2012 end to N91.337 billion in the review period of 2013.

However, gross earnings increased 9.6 percent to N323.621billion in 2013 end from N295.353 billion in the same period of 2012.

Share price of FBNH at the close of trading on the Nigerian bourse was N13.96 kobo gaining N1.07 kobo.