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Home Business News

FCMB Group announces FY 2017 gross earnings of N169 billion

Onome Ohwovoriole by Onome Ohwovoriole
April 4, 2018
in Business News, Company News, Markets, Stock Market
FCMB grows earnings by 33.85% to N200 billion on loan growth 

Ladi Balogun, CEO FCMB Group

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FCMB Group Plc today released its financial statements for the year ended December 2017. Gross earnings dropped from N176 billion in 2016 to N169 billion in 2017. Profit before tax also fell from N16.2 billion in 2016 to N11.4 billion in 2017.

Profit after tax dropped sharply from N14.3 billion in 2016 to N9.4 billion in 2017.

The bank has declared a dividend of N0.10 per share.

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Here is a copy of the result.


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Tags: FCMB Group Plc
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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