By InvestAdvocate
Lagos (INVESTADVOCATE)-Financial HoldCo, FBN Holdings Plc on Tuesday said its profit after tax (PAT) for the period ended March 31, 2016 dropped 8.3 percent to N20.72 billion from N22.60 billion recorded a year ago.
Similarly, pretax for the period declined 18.2 percent to N22.05 billion from N26.94 billion declared the same period of last year.
Also, gross earnings of FBNH depreciated from N126.80 billion in the first quarter of 2015 to N107.50 billion in the review period of 2016; indicating an decrease of 15.2 percent, the financial HoldCo said in a filing with the Nigerian Stock Exchange (NSE).
At the close of Tuesday’s trading on the domestic bourse, shares of FBNH appreciated 2.42 percent to N3.39 from N3.31 traded the previous session gaining 0.08 kobo per share.
