By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Financial HoldCo, FBN Holdings Plc on Tuesday said its pretax profit for the period ended December 31, 2015 dropped 77.1 percent to N21.51 billion from N94.05 billion recorded a year ago.

Similarly, profit after tax (PAT) for the period declined 82 percent to N15.14 billion from N84.01 billion declared the same period of last year.

However, gross earnings of FBNH climbed up from N481.80 billion in 2014 to N505.20 billion in the review period of 2016; indicating an increase of 4.9 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.