July 28, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-FBN Holdings Plc on Friday announced its profit after tax (PAT) for the first-half (H1) period ended June 30, 2018 increased 13.6 percent to N33.5 billion from N29.5 billion posted a year ago.

Profit before tax (PBT) of the financial institution rose 9.3 percent to N38.9 billion from N35.6 billion declared in the same period of 2017.

Gross earnings grew 1.6 percent to N293.3 billion from N288.8 billion posted in the H1 period of 2017, FBNH said in a filing with the Nigerian Stock Exchange (NSE).

Shares of the financial institution at the close of Friday’s trading on the domestic bourse increased 3.63 percent to N10.00 from N9.65 traded the past session; gaining 0.35 kobo per share.