By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-FBN Holdings Plc (FBNH) said on Tuesday its post tax profit for the period ended December 31, 2014 rose 17.3 percent to N82.8 billion from N70.6 billion recorded a year earlier.

Pretax profit inched up marginally 1.7 percent to N92.9 billion from N91.3 billion reported in 2013 end.

Gross earnings grew 21.3 percent year-on-year to N480.6 billion from N396.2 billion reported the previous, according to the top tier lender in a filing with the Nigerian Stock Exchange (NSE).

The board of FBNH proposed a dividend of 10 kobo per share to investors of the financial hub and a scrip (bonus) issue of one (1) share for every ten shares held amounting to a total distribution of N1.05 per share compared to N1.10 and 11.0 percent dividend yield.

However, at the end of transaction on the Nigerian bourse on Tuesday, share price of lender declined 3.46 percent to N9.21 from N9.54 losing 0.33 kobo