July 27, 2017

By InvestAdvocate

Lagos (INVESTADVOCATE)-FBN Holdings Plc said on Thursday its pretax profit for the period ended June 30, 2017 declined 22.4 percent to N35.6 billion from N45.8 billion recorded a year ago.

Profit after tax (PAT) of the financial holding company also depreciated 17.8 percent to N29.4 billion from N35.8 billion posted the corresponding period of 2016.

Gross earnings increased 7.8 percent to N288.8 billion from N267.9 billion reported in the same period of 2016, FBN Holdings said in a filing with the Nigerian Stock Exchange (NSE).

Shares of the financial holding company at the close of transactions on the Nigerian bourse climbed up 1.53 percent to N5.97 from N5.88 traded the past session, gaining 0.09 kobo per share.