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Wema Bank reports 44% increase in profits but earnings per share drops

Nairametrics by Nairametrics
March 24, 2015
in Uncategorized
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Wema Bank released its 2014 FY results showing Interest Income rose 24.5% to N35.45billion compared to N28.54billion reported the year before. Profit after tax was up 44% to N2.3billion compared to N1.59billion the year before.

Earnings per share was 6kobo compared to 8 kobo the year before an indication of an increase in shareholdings in 2014 compared to 2013.

Press release

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Tags: Nigerian Company Results

Comments 2

  1. oluwatosin says:
    April 9, 2015 at 11:10 am

    the Gross earnings of N25.45 billion as stated in the article for the current year (2014) is incorrect

    Reply
    • Nairametrics says:
      April 9, 2015 at 1:07 pm

      Thanks for your observation. Correction has been made

      Reply

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