Fidelity Bank Says H1 2019 Post-Tax Profit up 15.55 % to N13.68 Billion

Nnamdi Okonkwo, Managing Director, Fidelity Bank Plc

August 30, 2019

By InvestAdvocate

Lagos (INVESTADVOCATE)-Lender Fidelity Bank Plc said on Friday its post-tax profit for the half-year (H1) period ended June 30, 2019 increased 15.55 percent to N13.68 billion from N11.84 billion posted a year ago.

Pretax profit  of the Bank rose 15.69 percent to N15.05 billion from N13.01 billion reported the same period of 2018.

Gross earnings of Fidelity Bank surged from N92.29 billion in the H1 period of 2018 to N103.65 billion declared the review period of 2019; indicating a rise of 12.31 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

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