By InvestAdvocate
Lagos (INVESTADVOCATE)-Nigeria’s lender, Fidelity Bank Plc said on Friday its profit after tax (PAT) for the half-year (H1) period ended June 30, 2016 declined 31.9 percent to N5.59 billion from N8.21 billion declared a year ago.
Profit before tax (PBT) also depreciated 34.9 percent to N6.28 billion from N9.66 billion reported in the corresponding period of 2015.
Similarly, gross earnings of Fidelity Bank declined from N72.29 billion in the H1 of 2015 to N70.41 billion in the review period of 2016; showing a marginal decline of 2.59 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).
Despite this performance, Fidelity Bank topped the gainers table at the close of the session’s trading on the domestic bourse as shares of the bank climbed up 7.89 percent to N1.23 from N1.14 traded the past session; gaining 0.09 kobo per share.
