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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
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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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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