April 27, 2021
By Evan CHARLES InvestAdvocate
Lagos (INVESTADVOCATE)-Lender Fidelity Bank Plc said on Monday its post-tax profit for the unaudited first quarter (Q1) period ended March 31, 2021 grew +63.7 percent to N9.59 billion from N5.85 billion posted a year ago.
Pretax profit of the Bank also appreciated +53.9 percent to N10.13 billion from N6.58 billion reported the same period of 2020.
Gross earnings of Fidelity Bank rose from N51.51 billion in the 2020 unaudited end period to N55.12 billion declared in the review period of 2020; indicating a rise of +7.7 percent, Fidelity Bank said in a filing with the Nigerian Exchange Group (NGX).
Shares of the lender at the close of the trading session on the Nigerian bourse climbed up +0.44 percent to N2.26 from N2.25 traded the previous session, gaining 0.01 kobo per share.
