November 29, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-FCMB Group Plc said on Thursday its nine-months profit after tax (PAT) for the period ended September 30, 2018 rose 107.4 percent to N11.34 billion from N5.46 billion recorded a year ago.

Profit before tax (PBT) also grew 115.9 percent to N14.76 billion from N6.84 billion in the corresponding period of 2017.

Gross earnings of FCMB increased from N118.82 billion to N132.87 billion in the review period of 2018; indicating a rise of 11.8 percent, the financial HoldCo said in a filing with the Nigerian Stock Exchange (NSE).

Shares of FCMB at the close of Thursday’s session on the Nigerian bourse depreciated  8.33 percent to N1.32 from N1.44 recorded the previous day; losing 0.12 kobo per share.