Click here to view FCMB Group Plc 2015 third quarter report

By InvestAdvocate

Lagos (INVESTADVOCATE)-The FCMB Group Plc said its pretax profit for the period ended September 30, 2015 dropped 85 percent to N2.563 billion from N16.782 billion recorded a year ago.

Similarly, post-tax profit declined 87 percent to N1.865 billion from N14.223 billion reported the same period of 2014.

However, gross earnings of the financial institution inched up from N106.70 billion in the Q3 of 2014 to N109.29 billion in the review period of 2015; indicating an increase of two (2) percent, FCMB said in a filing on January 29, 2016 with the Nigerian Stock Exchange (NSE).

At close of last week’s trading on the Nigerian bourse, shares of FCMB dipped 2.97 percent to N0.98 kobo per share from N1.01 per share traded the past session.